Tuesday, August 21, 2012

Take on Dodd Frank

We have a lot of issues with over-regulation and a lot with under
regulation and feel like there is probably a happy medium somewhere.
This editorial board never felt Dodd-Frank properly accomplished this
for both what they left off and what they tried to babysit to a fault
But one thing that came out of that WR did appreciate, I believe as
part of a consumer protection they are making credit card companies
show exactly what paying the balance off in small increments could
really mean.
I won't excuse poor decision making or an inability to live by a basic
budget but for somebody who is very careful to limit m debt and live
within my means I thought this small addition to my statement was a
welcome and worthwhile addition

Knowing that it would cost me an additional $400 over four years to
pay off a $750 bill should tell even the most careless spender that
the flat screen they bought on sale has very quickly turned into a
pretty bad deal

We believe that there is a place for some regulation to avoid the
cluster of 2008 but it can't be done to the detriment of a healthy
economy and there is always a place in government for consumer
protection and protection of health, environment, food and drugs

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