Before Dodd-Frank’s passage, former Sen. Chris Dodd said that “no one will know until this is actually in place how it works.” Today we know. The law he co-wrote with former Rep. Barney Frank is gradually turning America’s largest financial institutions into functional utilities and taking the power to allocate capital—the lifeblood of the U.S. economy—away from the free market and delivering it to political actors in Washington.
– US Congressman Jeb Hensarling
And we are supposed to believe that the Smart People in Washington know what is best for us? More from that column after the jump along with some observations from Powerline (emphasis mine):




