Government
regulation is great for bureaucrats working at well-paid government
jobs, as well as for consultants and lawyers with whom they must
deal. Because regulation produces so much uncertainty it breeds more
of the same and becomes an entangling maze-work that's an
integral part of bureaucracy.
Dodd-Frank is a perfect example because those who objected to it from its birth already knew what was in store for the American economy. Parts have to be held up and will be repealed, especially diktats with regard to derivatives. If enacted, it would bring many financial operations to a halt. Dodd-Frank’s Consumer Financial Protection Bureau, reduces the availability of credit, and has become a paperwork fiasco. The list goes on. Stay tuned. ( See the Earl J. Weinreb NewsHole® comments.)
Dodd-Frank is a perfect example because those who objected to it from its birth already knew what was in store for the American economy. Parts have to be held up and will be repealed, especially diktats with regard to derivatives. If enacted, it would bring many financial operations to a halt. Dodd-Frank’s Consumer Financial Protection Bureau, reduces the availability of credit, and has become a paperwork fiasco. The list goes on. Stay tuned. ( See the Earl J. Weinreb NewsHole® comments.)
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