Source: Financial Times, 21st October 2011

Someone once said the sign of a good compromise is that nobody is quite happy with the outcome. He obviously never read the Dodd-Frank Act. Come to think of it, at 2,300 pages, it is safe to say that no member of Congress has either. With law firm Davis Polk calculating that it gave a mandate for federal agencies to write 243 rules, conduct 67 studies and issue 22 periodic reports, perhaps the only people who might be pleased with it are lawyers and lobbyists who charge by the hour for helping to interpret and craft its provisions.