Think Tanks Slam Dodd-Frank for 'Crushing Impact'
According to the Georgia Public Policy Foundation and Competitive Enterprise Institute, Dodd-Frank, especially its new rules on merchant debit card interchange fees, aren't simply costing the big, greedy banks plenty of profits.
In its report, "Government Barriers to Georgia's Growth: How Dodd-Frank Price Controls Poach the Peach State's Prosperity," author and economic analyst John Berlau has particularly harsh words about the landmark financial reform act, writing of its "crushing impact" on banks and businesses. Berlau is a senior fellow for finance and access to capital at the Competitive Enterprise Institute, which recently joined a lawsut challenging the constitutionality of Dodd-Frank.
Here are some of the statements made in the report:
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