What Republicans Won’t Tell You About Dodd-Frank
As Republicans hold a hearing today once again claiming that the Dodd-Frank law has ruined the American economy, financial system, and capitalism as we know it, there’s just one basic question you should ask yourself: How much has your retirement savings gone up since Dodd-Frank was signed into law? Let’s take a look.
The Dow Jones Industrial Average has risen from 10,120.53 on July 21, 2010 to 17,086.63 yesterday. That’s a 68.83% return on investment, meaning a retirement account with a $100,000 balance in 2010 when Dodd-Frank was signed into law would be worth $168,831.38 today:
