The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK (TheStreet) -- The specific aim of the Dodd-Frank legislation was to promote financial stability in three ways: (1) improve the accountability and transparency of financial institutions; (2) end "Too Big To Fail" (TBTF); and (3) protect consumers from abusive financial practices.
|Dodd-Frank was, from the beginning, doomed to be just another device of regulatory strangulation.|
Much of the nonsensical practices we see in the financial sector today, like having to be delinquent to get anybody's attention, or not being able to get your financial institution to modify your loan without a massive cash infusion because the loan is underwater, are already due to regulatory constraints. Just think of the unintended consequences of a whole new set of rules and regulations!
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV