The Wall Street Journal has a concise and infuriating summation of the multi-thousand page financial regulatory sham that Christopher Dodd was blubbering about on Friday. Read it and weep. And be sure to call the offices of Dodd, and his co-conspirator in the House, that master of elocution, Barney Frank, to congratulate them on their hard-fought tribute to criminal absurdity.
There’s no way to accurately analogize this; but, imagine a team of surgeons leave a clamp inside a patient’s stomach. Patient naturally feels post-op pain and, in fact, becomes gravely ill. The solution? It’s obvious: a second surgery to insert a pan of nitric acid into the patient’s stomach. You know, to dissolve the clamp. That’s what these idiots have just done. Except the surgeons are really chimpanzees dressed as clowns using chainsaws for scalpels and fistfuls of PEZ for anesthetic. And they called a post-op press conference to announce their brilliance.
Congress: regulating sanity to point of extinction.