Monday, August 09, 2010

Financial Reform Act Requires 67 Studies and 243 New Rules Not Yet Created

Previously I did a tongue-in-cheek post claiming that the Financial Reform Bill was a Stunning Success given that it accomplished virtually nothing while doing no further major economic damage. http://globaleconomicanalysis.blogspot. ... nning.html

Today I see I was overly optimistic (which as regular readers know is simply part of my nature).

There are 67 Studies and 243 New Rules that still need to be done, and Lord only knows what kind of damage those will entail.

Please consider Crash of 2015 Won’t Wait for Regulators to Rein In Wall Street http://noir.bloomberg.com/apps/news?pid ... CeGoX7trQw

The financial system experiences a crisis “every five to seven years,â€