Among its over 2300 pages in the Dodd-Frank Act are some disastrous legislation on derivatives, which our government bureaucrats are not still familiar.
The tentacles of this monstrous legislation will require American industry to come up with cash and/or credit that will siphon capital, from its other business operations, it cannot afford.
This is a stupid, unnecessary rush into the unknown, using a massive bill named for legislators who had much to do with the fomenting of the problems underlying the recession. ( See the Earl J Weinreb NewsHole® comments.)
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