Former President Bill Clinton suggested recently on CNBC and as reported by The Hill (here) that the onerous Dodd Frank financial bill be slowed down. It should be killed, actually, but if Clinton’s idea prevailed can you imagine the uncertainty it would cause?
As the one-year anniversary of the financial overhaul draws near, Clinton was generally positive on the law as a whole, but suggested regulators should parcel out the new rules bit by bit for the benefit of businesses.
“One way to clear that up may be to stagger [the regulations] in over a more pronounced time table,” he said on CNBC. “I think there’s only so much change that institutions can handle at one time.””
Clinton wishes to implement Dodd Frank a little more slowly prolonging the agony. Kind of like water boarding – just a little water now and little later!!