Sunday, February 19, 2012

Is this what Davis Polk was meant to do?

Thank you “The Economist” for the “Too big not to Fail” article on Dodd Frank which shows the law as such a boondoggle for lawyers and lobbyist that it is sure to concentrate finance into too big to fail institutions. With so much complexity subject to interpretation the law is sure to be gamed to absurdity. What isn't understood is that a lot of smart people with expensive degrees and resources will utterly waste their lives performing financial and judicial masturbation generating some heat and no result.