2010 July 17 | Capital Flow Watch

Dodd-Frank makes consumer credit more expensive. Time to cut-up your credit card? #tcot #fb http://bit.ly/cAmjOT >>
Wide ranging race & gender quotas hidden in Dodd-Frank http://capital-flow-watch.net/a4t #tcot Is Obama really 'post racial'? >>
US Agencies Admit Storing Checkpoint Body Scan Images http://capital-flow-watch.net/as5 #tcot Who said it was your body, anyway? >>
DC housing up 7.5% http://capital-flow-watch.net/ar1 Boom in gov't employment, high wages 4 public exploiters. The New Masters! #tcot >>
Self-serving execs use stock buybacks to devalue your pension with SEC support. #tcot Read: http://bit.ly/bSN2K5 >>

Phony financial reform

Dodd-Frank won’t make better markets

By John Schroy, on July 17th, 2010 |

Financial markets can be extremely complex, with many areas that can fail and break.

Unfortunately, instead of a ‘game-changing’ confidence-inspiring reform, the Obama administration presented the United States with the Dodd-Frank Act — a legislative miscarriage that has the potential to hold back recovery and impair the position of New York as a world financial center for decades — unless repealed or drastically amended.

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