Stossel’s Take on So-Called “Financial Reform”

Senator Chris Dodd recently abandoned negotiations with Republican leaders on the Financial Reform bill being considered in the Senate. As such, Dodd is moving forward with his own bill – which includes the creation of an autonomous “Consumer Financial Protection Bureau” within the Federal Reserve Bank.

John Stossel quickly reminds us that reform doesn’t mean more rules.

Stossel points out:

“Nowhere does…Dodd’s bill even entertain the idea that financial regulatory reform might include eliminating some pointless regulations…”

Good point, John. Government only gets bigger.

Read the full article here.