U.S. Agencies may spend over 1 BILLION DOLLARS to initiate the Dodd-Frank Act
Just for fun, this is not real currency (Duh)
News came out today that the American goverment has come to a conclusion that initiation of the Dodd-Frank act in its entirety will cost nearly ONE BILLION DOLLARS. To those who do not know how to compare this to a benchmark, this is more money than the stimuls package took to instate, times 10x. I do not want to project this one billion dollar cost in a negative light because, in my opinion it is necessary and America can not afford to cut any corners. In the whole scheme of things, one billion dollars is a small fee to pay for radical regulation. If the Dodd-Frank Act provides the regulation that is needed, the one billion dollars will be a great and substantially high return investment. However if the Dodd-Frank bill shows to be ineffective, America has wasted money once again.
This story is getting more hits than it should because most people were not expecting the act to cost more than a few million in salaries and fees. The one billion number factors in opportunity costs and purchases that could in itself give America greater return than its t-bond interest rate. We will wait and see what happens. I will be sure to keep you all updated.
Once again, Thank you for reading!
THERE IS ALWAYS A BULL MARKET SOMEWHERE
Financial Regulation 