The devil is always in the details. Nowhere is this statement truer than in the area of federal legislation. Nowhere are those details more devilish than in the Dodd-Frank legislation that was passed in the wake of the 2008 banking and financial crisis. This law holds a ticking time bomb that, if not addressed, will destroy a large swath of the U.S. economy while further concentrating the banking business in the hands of those few behemoth banks that did so much to cause the economic crisis from which our nation is still emerging.
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