Thursday, December 30, 2010

Dodd-Frank Means 122 New Ways to Influence Regulators

Bloomberg analyst Cady North reports that the Dodd-Frank Act  created 122 councils, advisory committees, other panels and mandatory consultations.

In a video clip, North seems to be a bit nonplussed about the entire situation, perhaps she hasn't seen Casino Jack yet.

Bottom line: This is a nightmare that will create an edge for those who know how to operate in and around Washington D.C. It will make it more difficult for newcomers and those without the connections. Overall, it will continue to sap strength from the economy and lower the standard of living for all of us.

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