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Blog

The Legacy of Dodd-Frank: Maintaining "Too Big to Fail" and Destroying Community Banks

In 2010, Congress passed, and President Obama signed into law, a massive 2,300-page banking regulatory bill called the Dodd-Frank Wall Street Reform and Consumer Protection Act. The premise of Dodd-Frank was to prevent another financial crisis and, as the title suggests, reform regulation of Wall Street. Like many well-intentioned laws, however, Dodd-Frank in the hands of the regulatory state has turned into a crushing burden, highlighted today in a House Small Business Committee hearing titled “Bearing the Burden: Overregulation Impact on Small Banks and Rural Communities.” Rather than ending the situation where a few massive banking institutions were “too big to fail,” Dodd-Frank has actually entrenched the big banks at the top of the heap while crushing small community banks and credit unions.

06/09/2016
Mutually Corrupt: Government and Special Interests
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Blog

Mutually Corrupt: Government and Special Interests

Democracy and Power 114: The Power Players Who actually controls the force of government?   Politicians and interest groups control the American political process.  Special interest groups – big business, big unions, education, seniors, and a multitude of others - seek favors: tax breaks, subsidies, exclusive legislation, etc.  Interest groups give enormous money to political campaigns, and receive gigantic benefits in return.

10/16/2011
Key Vote "No" on S. 3217
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Press Release

Key Vote "No" on S. 3217

Dear Senator:                                                       

04/26/2010