The Wall Street Journal’s editorial staff WSJ criticizes the Dodd-Frank Act and the leadership of the financial regulatory agencies. I share many of those criticisms, but I parted company when the WSJ expressed its horror that: “The regulation micromanages bank decisions down to the kind and quality of loan.” The Dodd-Frank Act bans a “kind” of loan based on the inherently fraudulent “quality of [the] loan.”
via WSJ Pines for the Return of Liar’s Loans | The Big Picture.
