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]