Dodd-Frank's Office of Financial Research Stirs "Orwellian" Fears
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- Created on Thursday, 26 April 2012 08:26
The inmates ran the asylum. At least that's what happened from 2008 to 2010 when Democrats controlled both the House and Senate. In particular, we're referring to the Dodd-Frank Financial Reform bill, written by none other than the two housing crisis architects themselves, Barney Frank (D - MA) and Chris "Countrywide" Dodd (D - CT). Neither had any experience in the financial industry, therefore, they're overly qualified to ram a bill into law that is so massive it can't be fully implemented because the government can't figure out how to impose the over 400 new rules, regulations and laws. Included in Dodd-Frank, though, is the Office of Financial Research (OFR), which lawmakers are afraid will become so massive and out of control that they won't be able to stop it.