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ISSUE #1
Repeal Dodd-Frank? |
BACKGROUND:
Dodd-Frank Wall Street Reform Act. About.com.
The pithiest synopsis I can find. Longer summary here (pdf).
YES:
Dodd-Frank is a Counterproductive Mess. US News, October 17, 2011.
The bill's main provisions have little to do with the actual causes of the financial crisis.
NO:
Dodd-Frank Brings Transparency to Financial Industry. US News, October 17, 2011.
It make the risks of the financial system more transparent and gives regulators an alternative to bailouts.
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ISSUE #2
Move Ahead on Consumer Financial Protection Bureau, Or Not? |
BACKGROUND:
Obama Bucks GOP, OKs Consumer Watchdog. Bloomberg Businessweek, January 4, 2012.
Senate Republicans have blocked confirmation of a director unless they get structural changes to the bureau, formed as part of the Dodd-Frank reform law passed last year. President Obama filled the post in early January with a "recess appointment." Our conversation will focus on the merits of the agency, not on the controversial recess appointment process.
Learn About the Bureau.
The bureau is up and running. This page from its website bullet points its mission and gives a snapshot of its structure.
YES:
Confirm Consumer Protection Bureau Director. USA TODAY, December 7, 2011.
The consumer bureau is a central part of reforms designed to rein in the bad actors who caused so much misery.
NO:
Make the Consumer Bureau Accountable. USA TODAY, December 7, 2011.
The economic lives of nearly every American will be touched by this new agency, which therefore must be made more accountable to the American people.
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