Green Room

Dodd-Frank regulations could fill at least 28 copies of War and Peace

posted at 4:57 pm on July 19, 2013 by

And the work surrounding the law’s implementation isn’t even close to being complete yet. Ugh.

Rules implementing the Dodd-Frank financial reform law could fill 28 copies of Leo Tolstoy’s War and Peace, according to a new analysis of the Wall Street overhaul.

The law firm Davis Polk, which closely tracks the Dodd-Frank rule-making process, released a graphic Friday that highlights the gargantuan size of the financial reform bill’s overhaul of regulations.

All told, regulators have written 13,789 pages and more than 15 million words to put the law in place, which is equal to 42 words of regulations for every single word of the already hefty law, spanning 848 pages itself.

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I’m sure there won’t be any corruption as a result.

I also love the inconsistency of the left regarding regulation.

Want to make abortion clinics adhere to the same standards as any other clinic that does surgery and regulation is the great destroyer.

But nebulous, incomplete, capricious and corrupt regulation of vast swaths of American life and the economy promote equality and fairness.

gwelf on July 19, 2013 at 5:46 PM

That is 28 copies too many.

Bmore on July 19, 2013 at 6:32 PM

And it’s probably almost as intelligible as the last part of Ulysses.

malclave on July 19, 2013 at 6:38 PM

I work in IT in the finance industry. The last part of Ulysses makes way more sense. She had sex with Boylan, then she thinks back to when she had sex with Leopold way back when. Don’t ask me to explain Dodd-Frank.

JamesB on July 19, 2013 at 11:30 PM

Page after page of “jabber, jabber, jabber, uhm… do what we say.” I’m sure with a disclaimer at the end that says they can change anything at anytime and you can’t question it. Its all the trees in the woods cunningly hiding the forest. The forest being tyranny.
I’ve hoped one day we could again have constitutional rule. The undoing of the tyrannical left’s rules would be daunting. But a few clever individuals sure of their victory could have as much fun. With a filibuster proof majority true conservatives could bring a bill of 5 pages or less eliminating all the loopholes, successfully outlawing lawless rule as we’ve seen for so long, but wrap it in about 5-7 thousand pages of such jibberish as we’ve seen over the last few years. And in Farsi, you know as an outreach to our middle eastern brothers or some such, and then give them a minute,twenty seconds to review before bringing it to a vote. Justice with a side of revenge alacarte.
I suppose I have a better chance of understanding Ulysses. But then I always was kind of a Kirk Douglas fan.

onomo on July 20, 2013 at 7:27 AM

And yet a standard Bible has less than 2,000 pages. Hmmmm.

Kafir on July 20, 2013 at 8:30 AM

Remember when The Green Room had a pulse?

John the Libertarian on July 21, 2013 at 2:22 PM