Tuesday, November 13, 2018 20:57

The law of unintended stupidity

– Wiccapundit

Actually, the Law of Unintended Consequences, but when talking about Congress, same diff.

Dodd-Frank Already Having Unintended Consequences? You Don’t Say!

Parts of the bond market are shutting down because the three big ratings agencies will not allow their ratings to be used by their clients, pending the agencies’ determination of what their legal liabilities will be under the Dodd-Frank financial reform law just signed by the Obaminator.  Without ratings included in their documentation, some bonds involving assets such as mortgages, auto loans, student loans and credit cards cannot legally be sold.

From NRO Online, via the Ace sidebar.

Share

Tags: , , ,

3 Responses to “The law of unintended stupidity”

  1. Elphaba says:

    It is debatable whether or not these consequences are “unintended.” Washington seems determined to drive the last nail into the coffin of our economy.

  2. Color me shocked, just SHOCKED, y’all!!!!

    I’m with Elphaba….I think it’s design, and not stupidity.

  3. cbullitt says:

    No they are nincompoops. They only want ted to make sure their asses were covered from that last meltdown they engineered. This is just bonus dicktardery.

Leave a Reply