Cruising the WSJ I found this. Initial reaction was, "Why the hell would you trust anything proposed by Senator Dodd AND Representative Barney Frank?" Has anyone forgot these are the same guys who said Fannie Mae and Freddie Mac are fine? They claimed this to the end, and even after the United States nationalized them they claimed they were wonderful! Are they missing the idea that Freddie and Fannie caused the whole mortgage bust? Okay I might be exaggerating, Fannie and Freddie did not cause the crisis they just oiled the gears.
Furthermore where is the transparency in this whole process? It seems Sen. Dodd and Rep. Frank have been working on this behind the scenes while America has been up in arms about ObamaCare. Great just what we need another back room decision on America's future. Hope this gets voted down, but I do not hold out much hope.
Reminds me of The Who, "Meet the new boss, same as the old boss."
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