Dodd-Frank: What you always wanted

Dodd-Frank: What you always wanted NMPolitics.net – Get the real story
"Now, get this. The Dodd-Frank Act demands a measly: 533 required regulatory rulemakings, 93 special reports, and 60 studies.
By contrast, the Sarbanes-Oxley Act of 2002 only had 16 rulemakings, no special reports and six studies.
My how the world has changed.
Get ready for regulation, regulation, and then a little more little regulation.

I can tell you one thing – Wall Street is definitely getting ready.
What does this mean?
More lobbyists, of course! (Exactly what the president campaigned against in 2008.)

From The Hill:
Consumer advocates and financial lobbyists are already preparing for years of debate before federal regulatory agencies are required to issue new rules.
“Game one over,” said Richard Hunt, president of the Consumer Bankers Association.
“Game two, regulators, beginning.”
It may be true that on the campaign trail, Obama promised that lobbyists “won’t find a job in my White House.”

Two things.
1) There are at least a dozen former lobbyists in the current White House, but that’s a moot point compared to the
2) onslaught of lobby jobs that are about to open up on account of this White House and their financial ‘reform’ bill.

Nice work!"