Dodd Frank Financial Reform Act Reform?

image-20160331-28459-fk6s7nThe Wall St. banks continue to chafe under the very mild and sensible reforms created under Dodd-Frank and Texas Republican Jeb Hensarling is carrying water for them. This New York Times article today outlines the bill that would gut the Consumer Financial Protection Bureau and repeal the Volker Rule. Hensarling’s complaint that “it hasn’t worked”, citing numerous economic benchmarks places the blame on Dodd-Frank and does not hold the “too big to fail” banks for weak lending during this tepid economic recovery after the Great Recession.