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Sunday, July 31, 2011

postheadericon Dodd-Frank fails to live up to promises

One year ago last week, and in response to the financial crisis, the President signed the 849-page Dodd-Frank Wall Street Reform and Consumer Protection Act. While legislative changes were certainly necessary in response to the financial crisis, Dodd-Frank generally hasn’t lived up to its promises of strengthening the financial sector, promoting economic recovery and job growth, protecting consumers and permanently ending taxpayer bailouts of private institutions.

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