Tuesday, June 29, 2010

The Frank-n-Dodd financial reform "monstrosity"!

The Frank-n-Dodd financial reform "monstrosity" is thousands of pages of legislated economic uncertainty:
"If you read the bill, it looks like it's a plan, ... for plans. It gives regulators all kinds of new charges and they're going to have to figure out how to do those. It's creating all kinds of new study commissions who will have to come up with new results. So, it leaves people in business with a lot of uncertainty [asking] 'just where are we going now?'" Robert Shiller, Yale Professor of Economics, author of "Animal Spirits" interviewed by Dagen McDowell on FBN today.

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