Magazine : Archives : 3rd Quarter 2011

In The Line of Fire

The Wall Street Journal had some fun with this, asking “What is 20 times taller than the Statue of Liberty, 15 times longer than Moby Dick and would take the average reader (at 40 hours a week) more than a month to read?”  Answer: the growing paper trail left by the Dodd-Frank Act, the law that Congress passed last year in an attempt to overhaul financial regulations and then punted to a dozen regulatory bodies to turn into almost 400 actual rules. (The basic text of Dodd-Frank is no lightweight itself; it runs 849 pages; the Sarbanes-Oxley Act, the now...