A progress report on Dodd-Frank

Davis Polk has done an excellent job of detailing the complexity of process & progress in the Dodd-Frank Progress Report. It's also commendable to see lawyers communicate with pictures.

The free citizens of the US need only look at the red stuff (late) and the blue stuff (due date unknown) and ask:"If this were my business and these were my projects, what would I do with these project managers?"

Well, the bad news is that it is your national business, and they are our collective projects.

If you have the misfortune to be regulated by the red and blue stuff, well, this is the picture financial oppression and paralysis. It is also how we manufacture systemic risk, how government transfers wealth to politicians & regulators who monetize their ability to dispense economic privilege.

Get your bids in early: it's campaign season.

Update on Wednesday, June 6, 2012 at 08:59AM by hb

Hat tip to Drew (long time caller, first time contributor!?) for pointing out:

How to duck regulation, MF Global edition

and

MF Global Trustee's Report