Lawmakers Need to Bring Hammer Down on Dodd-Frank

Financial Crisis: After nearly a decade of failure, the banking regulations passed in the wake of the 2008 financial crisis are about to get a rewrite in Congress. And, surprisingly, the reform will be truly bipartisan, with some 12 Democrats supporting the changes. The 2010 Dodd-Frank bill has been a disaster. Not only did it fail to address the true cause of the financial crisis, which was federal meddling in the housing market, but it blamed all banks equally for the economy's wreckage following the housing market meltdown. The result has been devastation. The new bill tries to fix the problem. As the Washington Post reports,