Jeb Hensarling: Dodd-Frank's Unhappy Anniversary

Two years after Washington 'reformed' Wall Street, the economy stinks and 'too big to fail' is enshrined into law.

Two years ago, I was one of 43 members of Congress appointed to the conference committee for the Dodd-Frank financial-reform bill. Along with others, I fought against the legislation and lost.

After an all-night session, Democrats (who then held the House majority) produced a 2,300-page behemoth they touted as a panacea for financial crises. President Obama predicted the bill would "lift our economy," give "certainty to everybody" and end "tax-funded bailouts—period" because it would no longer allow institutions to become "too big to fail."

Two years later, we remain mired in the worst economy in the postwar era, "too big ...

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