Sunday, February 19, 2012

Dodd-Frank is 848 Pages Long, Glass-Steagall was 37 Pages

Robert Lenzner reminds us here that the shorter one worked pretty well for a pretty long time, but the longer one which replaces it is already a disaster.

For The Economist article referred to by Lenzner, see here, including an important cost correction correcting billions to millions. (Oops).