The Dodd-Frank Act to Date

You have heard how complicated, arcane deals had undermined global finances? Because those “greedy” bankers, intent on “obscene” profit-making schemes had used them to the detriment of all?

After lengthy investigations were made, and our politicians in Washington completed their pious, populist speeches. The media duly contributed their remarks.

And then Congress made its conclusions. The result? Perhaps some insights were finally gained on how derivatives really work and their purpose. The upshot of all the nattering? Draconian regulation in the form of Dodd-Frank,

This piece of legislation is still a work in progress so the unintended consequences are slowly but surely unfolding to this day.

I comment on them as they periodically occur.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)