Over-Regulation With Dodd-Frank

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 60 studies and about 90 reports and we haven’t seen the end of them. Sarbanes-Oxley legislation, whose negative impact outweighs 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 inconvenient when campaigning for office. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole tweets.)