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Politics : Liberalism: Do You Agree We've Had Enough of It?
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From: Sedohr Nod2/25/2011 10:29:56 AM
1 Recommendation   of 224749
 
This little ditty showed up in the annual report of one of the local banks trying their best to hang on to solvency.....Note the "difficult to predict" & "costs...could be significant & adversely impact the company's results" comments......these are the people running the printing presses of unlimited supply and doubtful quality.....more of them should be running & hiding their faces, no need to limit it to democrats in Wisconsin and Indiana.

Dodd-Frank Act: The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ("Dodd-Frank Act"), was signed into law by President Obama on July 21, 2010. The Dodd-Frank Act represents a comprehensive overhaul of the financial services industry within the United States, establishes the new federal Bureau of Consumer Financial Protection ("BCFP"), and will require the BCFP and other federal agencies to implement many new and significant rules and regulations. At this time, it is difficult to predict the extent to which the Dodd-Frank Act or the resulting rules and regulations will impact the Company's business. Compliance with these new laws and regulations will likely result in additional costs, which could be significant and could adversely impact the Company's results of operations, financial condition or liquidity.
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