House Votes to Abolish Dodd-Frank - Your Thoughts?

Buying & Selling Real Estate Discussion 76 Replies

Originally posted by @Ron Healy :

@Andrew Syrios your comments are right on the button.  Communities throughout the mid-west in particular will have a very difficult time recovering without local banking services.  While the number of small banks in the US has been shrinking for years, Dodd-Frank has significantly added to the burden.

I think the problem is that Dodd Frank makes it almost impossible to start a new community bank, so as long as it's in place (at least in the way it is now) there's no way they can recover which puts a huge damper on small business since most small businesses get their loans from community banks. 

Medium apartment logoAndrew Syrios, Stewardship Investments | http://www.StewardshipProperties.com | Podcast Guest on Show #121

I want to repeal anything Nancy Pilosi supported

CA Contractor # 543201