The Dodd-Frank Act is a complex, misunderstood
behemoth, that leaves too much up to regulators and
lobbyists, according to former Securities and Exchange
Commission (SEC) chairman, Arthur Levitt.
Speaking at the annual Loan Syndication and Trade
Association conference last week, the Levitt said that the way
the bill was assembled in Congress shows a lack of
consideration over implementation.
They took an industry which they understood so
imperfectly and they threw the whole mess to the
regulators. Levitt said. So...