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Tom Easton on Dodd-Frank: “A Terrible Law”

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@stevenfoley

A former U.S.Marine, he is the Creator of The Minority Report Network. He is also the Founder and Managing Editor of the Network’s flagship site, www.theminorityreportblog.com, Former Director of New Media for Liberty.com, Former Director of New Media for Liberty First PAC, and the Former Chief Managing Editor of 73Wire.com. Steve is a well respected national conservative blogger who’s dedicated the past several years of his life advancing conservatism online. Recently Steve was instrumental in the development of Liberty.com, Liberty First PAC, The Patriot Caucus, the national campaign trail and grassroots news site73wire.com.

“I think there’s growing understanding of how terrible this law really is,” says The Economist’s Tom Easton of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

Dodd-Frank was passed in the wake of the 2008 financial crisis, and Easton is one of the very select few who have read the entire sweeping bill. He asserts that “the single most indicting read on Dodd-Frank, is to read Dodd-Frank itself.”

To those who feel that the financial crisis was caused by a lack of regulation, Easton counters, “the argument that there needs to be more regulations (on banks) is frankly ludicrous if you look at how they were regulated before.”
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