Showing posts with label Barney Frank. Show all posts
Showing posts with label Barney Frank. Show all posts

Wednesday, July 28, 2010

Dodd-Frank Financial Overhaul: Ignoring the Giant Elephant in the Room


The Dodd-Frank Act (DFA) financial reform bill was signed earlier this month and stretches over 2300 pages long, but no where does it spend a sentence to regulate two of the major players in the financial meltdown- government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Both are exempted. The bill means very little if a primary cause of the 2008 crisis was ignored.