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August 15, 2012

Romney's Bank Reforms Would Be Good For Banks And Good For You

Yes, sue me. I woke up this morning and, over at the Rumble, wrote about Romney's plan to repeal and replace Dodd-Frank.

Romney/Ryan would be good for Wall Street, sure . But we shouldn't ignore how good a Romney/Ryan administration would be for Main Street too. Let's consider the anti-prosperity effects of one of the President's major legislative achievements, the Dodd-Frank banking bill.

Click over for the whole thing.

Dodd-Frank is the type of policy engineering that Democrats excel at -- selling big legislation on the lie that it's good for Joe Consumer when it's really nothing of the sort.

Dodd-Frank was simply the Democrats' misguided attempt to punish Wall Street. And in their zeal to give the finger to the financial sector, and thereby demonstrate their liberal bonafides, Democrats swept up community banks too. And, of course, every person that uses a bank.


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posted by Gabriel Malor at 10:01 AM

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