Letting Freedom Ring

By Jeffrey Klein via The Examiner

The Dodd-Frank Wall Street Reform and Consumer Protection Act,  was a “fig leaf” law manufactured by desperate Democrats for two very important  reasons [to them].

To protect the political legacies of two high-profile Democrat career  politicians, Sen. Chris Dodd (D-CT) and Rep. Barney Frank (D-MA), who, as  chairmen of their respective banking committees, were the “henchmen” who blocked  numerous attempts by the Bush Administration to step in and audit the now  collapsed Fannie Mae and Freddie Mac.

More importantly, it was to hide the fact that the “Sub-Prime Mortgage”  crisis that caused the meltdown of the U.S. economy was actually propagated by a  1995 Clinton-era wealth re-distribution plan, which “forced” banks to abandon  mortgage qualification standards so they could provide mortgages to high-risk,  low income homebuyers with little or no down.  And, according to the Law of Unintended Consequences, it…

View original post 693 more words