Not a day passes without a new adverse revelation about the Dodd-Frank Act, which had been cooked up by Congress to cure everything that hinted at financial malaise.
The actually unfinished result still has more than 530 regulations, with studies and reports we haven’t seen the end of. Sarbanes-Oxley legislation, whose negative impact outweigh the positive, had 16 regulations that have helped the exodus of major corporations to flee overseas.
The Law of Unintended Consequences is always overlooked by politicians because it’s convenient to do so when campaigning for office.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
No comments:
Post a Comment