Hillary Clinton and other Democrats have become very cozy with Wall Street bankers and fat-cat donors as a result of the Dodd-Frank legislation. A recent commentary in this newspaper completely misrepresents what the real goal was when it was rammed through with Obamacare in 2010.
The goal of Dodd-Frank was to make big banks bigger. By creating a mountain of needless paperwork and constructing ridiculous hurdles to complete financial transactions, Democrats have knowingly raised the cost of banking. Big banks on Wall Street can easily absorb this cost, while smaller banks like the ones we all know on Main Street of our hometowns get hit hard.
The Democrats and Wall Street banks are now best pals, a corrupt relationship in which they only care about making each other rich. They take out the small hometown bank competition so they can get even richer.
I also encourage folks to write to U.S. Rep. Andy Barr. But unlike those who clearly want to help Democrats destroy our hometown banks, I hope you will join me in thanking Barr for standing up to Wall Street fat cats. We need more folks in Congress who actually care about us.
Never miss a local story.