Opinion: A good thing from Dodd-Frank
There are many reasons for politicos with a deregulatory bent to
call for repeal of 2010's Dodd-Frank Wall Street Reform and
Consumer Protection Act: over 22,000 pages of regulations drawn up
to implement more than 400 new rules and mandates; $27bn in
economic costs; and at least 2,600 new federal jobs to oversee
implementation that add $600mn annually to government expenses.
And, so far, only 224 of the rules have been put in writing.
According to US Representative Jeb Hensarling,...
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