States join challenge to Dodd-Frank

Continuing what seems to have become a trendy move for Republican attorneys-general, the states of Michigan, Oklahoma, and South Carolina are joining a legal challenge to another signature Obama law.

Here's a helpful summary from the Blog of Legal Times:

Three states have joined a lawsuit challenging the constitutionality
of the Dodd-Frank Act, complaining that it gives the government too much
power to take over and liquidate nonbank companies whose failure would
jeopardize the financial system.

The states of Michigan, Oklahoma and South Carolina joined a broader
suit attacking Dodd-Frank that was filed in June in U.S. District Court
for the District of Columbia by a Texas community bank, the Competitive
Enterprise Institute and the 60 Plus Association.

You can read more about it here.

In other political news, you know it's been a bad week for Mitt Romney when he wants to talk about his tax returns.

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