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    Dodd-Frank Already Failing Consumers

    The Wall Street Journal reports today: Banks are considering additional fees on credit cards and checking accounts. But they also are looking at new ways to make money on cash machines and especially debit cards as regulators pinch the cards’ conventional revenue streams. And what exactly is to blame for … More

    Dodd-Frank Lets Fannie and Freddie Deadbeats Slide

    As President Obama today signed into law the Dodd-Frank financial regulation bill, two words were left unspoken: Fannie and Freddie. Yet they not only played a major role in creating the housing bubble that led to the meltdown of 2008, they stand today as the primary remaining bailout debtors to … More

    Veto Bait for President Obama?

    The President is scheduled to sign the financial overhaul bill today, yet he might want to pause a moment to consider not signing this bill because of the potentially unconstitutional racial and gender preference provisions buried in the massive bill. Four members of the U.S. Commission on Civil Rights have … More

    Morning Bell: The Lawyers and Lobbyists Full Employment Act

    Without spending a single dime, the Obama administration did more yesterday to create jobs for the U.S. economy than it has throughout its entire existence. With the single stroke of a pen, President Barack Obama signed the Dodd-Frank financial regulation bill that set in motion 243 new formal rule-makings by … More

    The Dodd-Frank TARP Raid: Using Yesterday's Bailout to Pay For Tomorrow's

    After the last-second addition of another $20 billion in new taxes shattered their original coalition for passage, the majority in the Senate went back to the drawing board to identify a new way to pay for the Dodd-Frank “orderly liquidation” fund. The result of their leftist brainstorming session? Using the … More

    Morning Bell: The Dodd-Frank Assault on Economic Recovery

    Following the release of the 2,000-page Dodd-Frank financial regulation bill last Friday, fixed-income portfolio manager Christine McConnell told Businessweek: “Clarity is good. [Once financial institutions] understand the rules of the road they’ll be able to accommodate their business models.” There is only one problem: passage of the Dodd-Frank bill doesn’t … More

    Financial Regulation After Robert Byrd

    Because of the death of Sen. Robert Byrd (D-WV), prospects for passage of the conference report on Financial Regulatory Reform is now in a holding pattern. This conference report is expected to pass the House this week, but prospects for passage in the Senate are in doubt. President Obama has … More

    Morning Bell: Dodd Bill is Just the Beginning of 'Too Big to Fail'

    Majority Leader Harry Reid (D-NV) failed to end debate on Sen. Chris Dodd’s (D-CT) financial regulation bill yesterday when two Democrats broke ranks to vote with conservatives. The Dodd bill is already a big government monstrosity, expanding powers for existing Washington regulators as well as creating and empowering new ones. … More

    Dodd and Derivatives: Swapping New York for London

    Senate Democrats secretly agree that Sen. Blanche Lincoln’s (D-AR) proposal to attempt to impose a complete separating on credit default swaps and credit providers (i.e. banks) makes no sense. But they’re too embarrassed to say so while Lincoln uses the proposal to wage a populist campaign for re-nomination against liberal Arkansas … More

    Dorgan’s Naked Idea – Doesn’t Work

    As debate on the Wall Street “Reform” bill winds down in the Senate, Sen. Byron Dorgan (D-ND) is still pushing his ban on “naked” credit default swaps. We warned that the idea wouldn’t work. Now we have some real world experience with just such a proposal: Germany banned the practice … More