Tag: Dodd-Frank

For 24 years Bill and Hillary Clinton have courted Wall Street money with notable success. No other political couple in modern history has enjoyed so much money flowing to them from Wall Street for such a long time – $92.57 million over a quarter century. Because of the Clintons’ romance with Wall Street and their corrupt New Democratic Party, the New York bankers and the Clintons are richer today. Others – betrayed, abandoned, savaged – are not.

The Consumer Financial Protection Bureau was created five years ago by the Dodd-Frank financial reform law to be a “cop on the beat” to protect consumers in their dealings with banks, credit card companies and other financial firms. The CFPB clearly takes its job seriously. Some members of Congress who take their marching orders from Wall Street have been trying to weaken CFPB ever since it was created, but happily they haven’t succeeded.

Dodd-Frank and its proponents penalize the people of eastern Congo but do little to curtail the militias and their backers. Congress should confront the real causes of the conflict, which are failed leadership and corruption in Congo’s capital, Kinshasa, and predatory policies of Rwanda and Uganda, which destabilize eastern Congo while benefiting from the mineral trade.