Is this bill more than one sentence?

Apparently not… why is anyone in favor of this?

So we are trying to repeal a bill which benefits consumers and tightens regulations on banks/financial markets which caused our financial meltdown????

Michelle Bachmann is just jumping on the “undo all Democratic Legislation” bandwagon. I’ve heard no legitimate reason to repeal this from any Republican, or have seen any Wall Street reform proposed by Republicans to stop predatory Wall Street practices.

I suppose in order to determine whether this is a good thing or not, you must first answer the question: “Do I trust President Obama and the Democratic Party enough to believe them that the bill being repealed truly protects consumers?”

I have an answer.

Dodd-Frank should not be repealed, but rather should be extended. It didn’t go far enough. None of those executives chiefly responsible for the financial collapse have been properly or fully held accountable. Some should go to jail; others should forfeit all their personal assets to go toward a national refund to pay down the national debt. Corporatism is when private interests have more power than the government does. Wall Street is in that exact position. Something has to be done to change that.

The Dodd-Frank Wall Street Reform and Consumer Protection Act did nothing to protect consumers. All it did was add make a few Democrats feel warm and fuzzy while simultaneously making it more difficult for business to thrive in this country.

Interesting that the majority of people benefiting in the money trail are Republican. Oi, Republicans, you do know you serve the people right?

This bill enacted rules that forced most foreign brokers and banks to severely tighten capital requirements for ALL U.S. citizen investors, no matter how much or how little they invest. U.S.-based brokers did this a long time ago.

For those of us trying to get ahead without the interfering hand of big brother, Frank Dodd was a big blow. There should be sensible regulation without punishing small investors who had nothing to do with 2008.

REPEAL this law?!? The saddest part about the Dodd-Frank act is that it hasn’t been fully implemented and the financial service industry lobbyists have been spending millions to keep it that way. This is a small drop in the bucket, we need to repeal Graham-Leach-Bliley among others to put BACK in place the controls on financial services industries which were enacted after the Great Depression and ensured us 50 years of stable economic growth, and were then systematically removed over with the repeated and increasingly severe economic crises we’ve been living through since the 80’s.

The saddest part of Dodd-Frank is that it still does not regulate Fannie and Freddie