"Federal regulators" - unelected staffers within the federal government - have written 13,789 pages and 15 million words in implementing the Dodd-Frank financial reform legislation, and reporting tells us they have written no more than 47% of the bill. The bills primary purpose was to create an environment that made "too big to the fail" almost an impossibility. H Obama promised that the September, 2008 financial collapse would never happen again, because of Dodd/Frank. The Volcker Rule, the heart and soul of this new legislation, has yet to be implemented in the writing of the bill continues ad infinity. While we wait and wait for this monstrosity to be finally written (perhaps five years from now), the largest banks are only getting larger and the smaller institutions are running out of money needed for compliance.
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(Our problems multiplied exponentially with the ending of Glass/Steagall ~ editor)
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