“The quantity and quality of regulation has been increased so dramatically that it makes it difficult to do business in the financial services area, and a lot of those huge costs are going to be passed on to consumers,” said Tom Vartanian, a Washington-based partner at the law firm Dechert LLP. “The question is, ‘Where’s the balance?”’
May I point out the full name of Dodd-Frank is the Dodd-Frank Wall Street Reform and Consumer Protection Act. Kind of ironic, no?
On another note, I appreciate that Geithner has at least offered to listen to problems with DF (see link above).