Adverse revelations constantly crop up about the Dodd-Frank Act, which was cooked up by Congress to cure everything that hinted at financial malaise.
The ACT has extraordinary regulations, with studies and reports and we haven’t seen the end of them. More than the Sarbanes-Oxley legislation, whose negative impact outweighed the positive, that had 16 regulations that helped the exodus of major corporations to flee overseas.
The Law of Unintended Consequences is always overlooked by politicians because it’s convenient to do so when campaigning for office.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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