Tuesday, January 4, 2011

ah, those pesky "unintended consequences"! loan sharking you say?

Dodd-Frank and the return of the loan shark (WSJ)

I see many a PhD paper in this "problem" here... yes, no, this cannot go on, something must be done, these loan sharks must be regulated... "I will appoint a panel of experts, I will demand a paper of policy recommendations, then I will appoint a special implementation Czar reporting directly to me... actually, no, the federal budget will be reduced in the process, I will have it no other way! I have made that known to the CBO that will crunch the numbers and revise them as necessary..."

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