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Report Concludes Dodd-Frank Has Adversely Affected Main Street
Well, duh! I love the "too small to succeed" comment in this article:
The Dallas Fed report concluded that many community financial institutions may be “too small to succeed” in the era of the “regulatory onslaught” brought on by Dodd-Frank. The report pointed out that community banks, despite seeing a decline in market share down to about 19 percent of $15.9 trillion in total assets, still hold about 55 percent of small business loans and 75 percent of agricultural loans.
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Who would've thought that a bill written by the big banks to protect the big banks and their government sponsors would harm small financial institutions and individual citizens?
I have a 5 year tenant who would like to purchase the house he has been renting form me. The house is unencumbered and I am inclined to sell. This is a near perfect land contract scenario but I am not going to do the deal because of Dodd-Frankenstein.