Fannie Mae (FNMA)

[955]

Dodd-Frank is massive. Financial institutions have to hire additional personnel to become experts in the new regulations to know and understand the increased requirements to ensure compliance. These experts then have to pass that info to others in the company who then have to ensure compliance while doing their part, a trickle-down affect. THAT is extremely resource intensive. Just ask ANY financial institution, TBTF or otherwise. THAT was the MAJOR complaint of community banks as they do NOT have the resources to acquire that expertise and that leaves them with no choice but to abandon those markets. Just what TBTF wants, a monopoly, which results in higher costs passed on to the consumer, you and I, the taxpaying public. Increased regulation is NOT the answer. Those with deep pockets will ALWAYS find a way around them and control the market. Trump, being a business man, understands this and that is why he is fighting for reduced regulations.

Exactly what about Dodd Frank places a burden on these banks. Give me an example. Curious to know because I have never heard anyone with specifics.