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Updated about 9 years ago on . Most recent reply

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Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
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Report Concludes Dodd-Frank Has Adversely Affected Main Street

Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
Posted

Well, duh! I love the "too small to succeed" comment in this article: 

http://www.dsnews.com/news/01-11-2016/new-reports-conclude-dodd-frank-has-adversely-affected-main-street

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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Jeff Rabinowitz
  • Investor/Landlord
  • Farmington Hills, MI
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Jeff Rabinowitz
  • Investor/Landlord
  • Farmington Hills, MI
Replied

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.

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