Frank: Romney made 'literally no sense' on Dodd-Frank

A description of the Dodd-Frank Wall Street Reform and Consumer Protection Act at the October 3 presidential debate has sparked its own debate in legal circles. Republican candidate Mitt Romney told the debate audience“NEW YORK BANKS” – Here is the Romney line that blew up M.M.'s inbox like no other, in the section on whether he would get rid of Dodd-Frank (he said he would, and replace it with something else, though who knowsRomney, who said he would "repeal and replace" Dodd-Frank if elected president, said he thinks the Dodd-Frank Act of 2010 has "hurt the housing market." "We don't know what a qualified mortgage is yet, so banks are reluctant to make loans, mortgages,"Mitt Romney vowed to repeal the 2010 Dodd-Frank financial overhaul law on Wednesday night. But the Republican presidential nominee found a surprising number of things to praise.Rep. Barney Frank (D-Mass.) said Friday that Mitt Romney's criticisms about the Wall Street reform law bearing the lawmaker's name make "literally no sense whatsoever." Frank, the ranking member of the House Financial Services Committee, issued a
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