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The Dodd-Frank Paper Trail
futureofcapitalism.com
The Wall Street Journal has a nifty news article about the amount of paper generated in Washington by Dodd-Frank-related rulemaking. "The process has produced more than three million words in the Federal Register—or more than 3,500 11-inch-high pages," which the Journal says laid end-to-end would be the equivalent of 2.6 Empire State Buildings. "And about 62% of the 387 sets of rules required by the law haven't even been proposed, according to law firm Davis Polk & Wardwell." Imagine the number of lawyers and lobbyists a company has to pay to attempt to keep track of all this stuff.
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The Dodd-Frank Paper Trail
futureofcapitalism.com
The Wall Street Journal has a nifty news article about the amount of paper generated in Washington by Dodd-Frank-related rulemaking. "The process has produced more than three million words in the Federal Register—or more than 3,500 11-inch-high pages," which the Journal says laid end-to-end would be the equivalent of 2.6 Empire State Buildings. "And about 62% of the 387 sets of rules required by the law haven't even been proposed, according to law firm Davis Polk & Wardwell." Imagine the number of lawyers and lobbyists a company has to pay to attempt to keep track of all this stuff.
Read More...
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Jean Eaglesham
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