The Wall Street Journal Pines for the Return of Liar’s Loans

The Wall Street Journal’s editorial staff (WSJ) disparages the Dodd-Frank Act and the leaders of the financial regulatory bureaus. I agree with many of those criticisms; but I distance myself from them on their horrified stance against the Act, saying that: “The regulation micromanages bank decisions down to the type and nature of loan.” The Dodd-Frank Act prohibits a “type” of loan according to the innately deceptive “nature of [the] loan.” The Act disallows liar’s loans. The WSJ believes this ban so atrocious, so evidently an infringement...

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