Tom Easton on Dodd-Frank: "A Terrible Law"
"I think there's growing understanding of how terrible this law really is," says The Economist's Tom Easton of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Dodd-Frank was passed in the wake of the 2008 financial crisis, and Easton is one of the very select few who have read the entire sweeping bill. He asserts that "the single most indicting read on Dodd-Frank, is to read Dodd-Frank itself."
To those who feel that the financial crisis was caused by a lack of regulation, Easton counters, "the argument that there needs to be more regulations (on banks) is frankly ludicrous if you look at how they were regulated before."
Runs about 4.15 minutes.
Produced by Anthony L. Fisher.
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