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Home » News » Critics Slam Dodd-Frank and the Failure to Reform Housing Finance System, Predict More Failure
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Critics Slam Dodd-Frank and the Failure to Reform Housing Finance System, Predict More Failure

May 15, 2015
Republicans in the House of Representatives continued their efforts to chip away at the Dodd-Frank Act during a hearing this week by rolling out critics who said the act not only was a poor and ineffective response to the 2008 financial crisis, but also created a host of new problems and could be contributing to the next debacle. Rep. Sean Duffy, R-WI, chairman of the House Financial Services Oversight and Investigations Subcommittee, said a major assumption underlying Dodd-Frank – that the primary cause of the financial crisis was misbehavior by securities market participants – was false. “Main Street lenders are being...
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