In a speech at the American Bankers Association Summit Tuesday, House FinancialServices Committee Chairman Rep. Jeb Hensarling (R-Texas) calledfor an end to the Dodd-Frank Act, but provided few details on howto make it happen.
Constantly referring to the Dodd-Frank Act as the ObamaFinancial Control Law, Hensarling said, “I will not rest untilDodd-Frank is ripped out by its roots and tossed on the trash-heapof history.”
He added that the law is a monument to the arrogance and hubrisof man in that its answer to incomprehensible complexity andgovernment control is yet more incomprehensible complexity and moregovernment control.
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