The Dodd-Frank Bill and Derivatives

Expect to see the dire consequences of the Dodd=Frank financial regulation lollapalooza bill.

Among its over 2300 pages is some disastrous legislation on derivatives, which our blessed Congress is still not quite familiar.

The tentacles of portions of this monstrous legislation alone will require American industry to come up with cash and/or credit as collateral that will siphon capital, from its other business operations, it can least afford.

All this helping to deepen the Great Recession.

Irony indeed: This stupid, unnecessary rush into the financial unknown, using a massive bill named for legislators who had much to do with the fomenting of the problems underlying the recession.