Frank-Dodd cost the world trillions of dollars and put millions out of their homes. Those two idiots should have been put in prison for a long time. They were warned and their response was to ignore the warning signs, blame others, and accuse them of being racist. The dem way.
When you force lending institutions to fund mortgages for individuals who can't afford them, can't afford the price of the house with a 30-year fixed, or are not otherwise credit worthy, you are just begging for a worldwide financial disaster which is exactly what they got.
The banks and mortgage lending institutions who saw nothing but $ signs and carelessly gave these balloon notes at low interest rates to people they damn well knew couldn't afford them should have all been put in the slammer as well. No one went to jail, Bush and team bailed them out and the citizens around the world paid the excruciating price by losing trillions in their retirement portfolios. American citizens who were given these loans that they could not afford lost their homes. Home builders were crushed. Again, no one went to jail and barney retired to his underage brothel home in the NE with his retirement being paid by the very American taxpayers he screwed over. What a major fuckhead.
Everyone remember how the democrat party tried to blame Bush and the Republicans? It died down once proof was provided of Bush and team warning those idiots that it was all going to explode.