Steven Davidoff has read all 2300 pages of the Dodd Frank financial regulation bill and reports back with a summary of the key provisions. On balance, he thinks:
There are many things to applaud in this bill and much in there that will substantially enhance the government’s power to regulate the financial industry. On the whole, if you think that the financial industry needs more supervision and financial regulators more tools, you should be relatively happy.
Whether or not one agrees with Steven's conclusion, at least he made it on an informed basis. I very much doubt whether any member of Congress who will vote on the bill can claim to do so on an informed basis. My guess is that none of them have read the whole thing. Yet, such is the state of our democracy.
