Friday, February 15, 2013

Texas Challenges Dodd-Frank Constitutionality

Austin Business Journal reports that Texas is joining a lawsuit challenging the constitutionality of Dodd-Frank; money quote:
“Under this law, unelected federal bureaucrats can unilaterally liquidate financial institutions in which the state invests taxpayer dollars,” Texas Attorney General Greg Abbott said in a Feb. 13 statement. “The State of Texas could be denied basic due process rights and taxpayers’ dollars could recklessly be put at risk.”
 Read the details of the lawsuit here.

(Full Disclosure: This article was sent to me by Greg Abbott's press secretary.)

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