Sunday, July 21, 2019 06:40

Posts Tagged ‘Dood-Frank’

The law of unintended stupidity

Thursday, July 22nd, 2010

– 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.