Too Big To Regulate: Barron's Gene Epstein on Dodd-Frank

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Too Big To Regulate: Barron's Gene Epstein on Dodd-Frank

"The reason there is no mention of Fannie (Mae) and Freddie (Mac) in the bill, is because it's named after two of their puppets: Dodd and Frank."

Barron's Economics Editor Gene Epstein lays into the hypocrisy of the aforementioned Dodd-Frank bill at a Freedomfest 2012 panel titled "Too Big to Regulate," hosted by the Reason Foundation's Director of Economic Research Anthony Randazzo.

The panel focused on problems with overregulation in the financial services industry, with a specific focus on the Dodd-Frank legislation.

Held each July in Las Vegas, FreedomFest is attended by around 2,000 limited-government enthusiasts and libertarians a year. ReasonTV spoke with over two dozen speakers and attendees and will be releasing interviews over the coming weeks. For an ever-growing playlist, go here now.

About 25 minutes.

Camera by Tracy Oppenheimer and Alex Manning; edited by Anthony L. Fisher.

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Comments

[Palin's Buttplug]

Dodd-Frank doesn't crack down on the GSE's because they have been full wards of the state since Hank Paulson put them into receivership in 2008. They are completely beholden to the Treasury now.

As much as the GOP hates the GSE's they have not produced a single bill in the House to deal with them because there is no "solution". They can't be privatized with their tremendous debt load. We are stuck with them.

Epstein is just pandering here.

[wef]

As much as the GOP hates the GSE's they have not produced a single bill in the House to deal with them because there is no "solution".

Talking points alert.

What is your evidence that "the GOP hates the GSE's"?

They can't be privatized with their tremendous debt load. We are stuck with them.

What in the hell? Is that the argument- to privatize or not these unsustainable chimeras as they are? Of course not. You simply do not know what you are talking about. Either listen to Epstein and Randazzo or go back to bed.

[wakeup]

US Treasury Admits It Conducted A Circular Ponzi Scheme For Years
http://www.zerohedge.com/news/.....heme-years

[sage]

OT: I read National Review frequently, and while I find much to disagree with, I've grown to really like Mark Steyn's writing. His latest entry is a doozy, with an unintentional hat tip to White Indian:

http://www.nationalreview.com/.....mark-steyn

Obama is not the president of the Future. He is president right now, and one occasionally wishes the great visionary would take his eye off the far-distant horizon where educated women and fire-breathing imams frolic and gambol side by side around their Chevy Volts, to focus on the humdrum present where the rest of us have the misfortune to live.

[The Late P Brooks]

the humdrum present where the rest of us have the misfortune to live.

Reality is a downer, man.