Flaws in the confused, bloated Dodd-Frank Act passed in the aftermath of America’s financial crisis have become ever more apparent.
When the Dodd-Frank Act was passed in the wake of the 2008 financial crisis, supporters suggested it would take 12-18 months to tie up loose ends, a figure that now appears naïve. Bankers are worried about a decades-long grind while lawyers are rubbing their hands together at the potential funds entering their coffers as they help financial firms comply.
Oodles of work and costs remain. Read more at The Economist.