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Volume 20  Number 2  •  Fall 2015
Other Issues:  

Dodd–Frank: Accretion of Power, Illusion of Reform
By Charlotte Twight
This article appeared in the Fall 2015 issue of The Independent Review

The Dodd-Frank Act, ostensibly passed to address causes of the financial crisis of 2007-2009, created government entities whose powers may be setting the stage for even worse problems with the financial system. With this Act, federal officials acquired vast, open-ended, easy-to-abuse powers, and they secured the Act's passage using tactics making it difficult for the public to comprehend, resist, or modify the bill. Even repeal of Dodd-Frank is made difficult by its statutory language.

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