Posted in Crony Capitalism, Economic Issues, Federal Reserve, Influence peddling, Interest rate manipulation, Liberty, News From Washington, News From Washington, DC & Related Shenanigans, Policy Issues, Poverty, Progressivism, Representative Republic vs. Democracy, Rule of Law, Wealth

Dodd-Frank Still Stalling Economy – Bruce Bialosky – Page full

2011-05-12T161658Z_01_WAS911_RTRIDSP_0_FINANCIAL-REGULATION-TESTIMONYIf the lender Koevary chooses moves their pricing or another lender becomes more attractive he must obtain a new appraisal for that new lender thus doubling the cost. Koevary told me that the big banks now control a lot of the third party appraisal procurement companies which ultimately gives them the control over the appraisers contrary to the laws intent. This is driving business to the banks and cutting out the brokers or other small players.

An additional;unintended consequence of a bill that was supposed to lessen the control of big lenders has shrunk the amount of lenders and greatly enlarged the share of the market for big players.

via Dodd-Frank Still Stalling Economy – Bruce Bialosky – Page full.

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A primary care physician by training, my passion is researching and writing about the importance restoring patient centered care, supporting independent private physicians, promoting free-market solutions and seeking sustainable fiscal policy in healthcare.

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