The Brilliance (Ahem) Of Dodd-Frank

Dodd-Frank-enstein's creation:

There was this need to do something,” she said of the law’s genesis. “Congress was more concerned about doing something than about doing something right.”

"By creating new agencies like the Bureau of Consumer Financial Protection and expanding the role of existing entities like the Securities and Exchange Commission, Federal Reserve and others, Peirce said Dodd-Frank puts the nation’s financial health in the hands of regulators while providing little clarity for the rules they enforce."

So what will Americans get? 8 800 pages of unintended consequences. Add that to the 2700 paged and the Obama administration has to had set a record for number of pages created and printed!

Sigh. No one thinks of the trees anymore.