Posted 3 years ago on Oct. 24, 2013, 7:11 p.m. EST by nazihunter
This content is user submitted and not an official statement
Well, maybe conservatives, but I was thrown for a loop. The talk was of the economy. Then one of them says, it would've picked up a lot sooner if not for Dodd-Frank. I says, "really??, what's that?" He says "Dodd-Frank enabled all these people with low incomes to get large loans." There was at least 3 nods of agreement to this. "That's what caused the whole financial crisis." I said, "really??????" ,(more nods of agreement). I couldn't remember what Dodd-Frank was about, but my recollection was not that at all." So, I decided I had to re-read this Dodd-Frank. It happened that Dodd-Frank happened in lieu of the crises and was really a measure to stop the the crises from happening again. Now, get this, one of the guys told me, "Banks were FORCED, Yes!, he did, he said FORCED to give low income people loans they could not afford." I swear this was the comment that made me say, "I have to recall what it was all about. " Now, it turns out that the bill was highly criticized for "not going far enough." Meanwhile, several states filed a lawsuit against it saying it was "unconstitutional." You know, "state's rights" and all that sheet. Can you guess which states? I'm not talking. It would only encourage me to rant on about the South again. These were people 60+. You can't say they haven't been around the block. By God! Is it any wonder we're in this "state?", (no pun intended).