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House Republicans Say Law They Opposed Doesn’t Do The Thing They Didn’t Want It To

Happy Birthday, Dodd-Frank! You’re four years old and useless—nay, worse than useless—and Rep. Jeb Hensarling and his fellows thinks still think that the perfect gift is a dose of euthanasia with a side of not doing anything else, as they explain in a new 100-page Hallmark card.

Among its charges, the report claims the process created by the law for regulators to designate certain nonbank financial companies as “systemically important” amounts to telling investors the government thinks those firms are too big to fail.

House Republicans Take Aim at Dodd-Frank [WSJ]

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7 Responses to “House Republicans Say Law They Opposed Doesn’t Do The Thing They Didn’t Want It To”

  1. Mavis Beacon says:

    I'm so sorry. I had no idea.

  2. Captain Oblivious says:

    House Republicans are nothing but backwards as ritards. They understand almost nothing about finance, al they do is pander for votes and money to a constituency that is racist, homophobic and above all else stupid. Sure, lets not raise the debt ceiling and not make good on our commitments, that won't have any long term effects on our economy. Holy Christ.

  3. Puck It says:

    Looks like Little Jonny's report cards.

    —Shaz's Mom

  4. Narcissus Bellicose says:

    I have just the thing for shazz's next article:
    http://newyork.craigslist.org/mnh/bfs/4580146661….

  5. Shortest List Ever says:

    "People named Jeb who are knowledgeable about finance."