A Coggle Diagram about white hat :star:facts
, black hat :warning:
(According to a recent account in The Economist, even though sections 404 and 406 of the Dodd-Frank law are two pages long, regulatory agencies have derived from them a 192-page form that hedge funds and other firms must fill out, at a cost of $100,000-150,000 for each firm the first time (and $40,000/year thereafter). At 848 pages, this law is multiple times longer than the 29-page National Banking Act which established America’s nationwide banking system (1864), the 32-page Federal Reserve Act (1913) which nationalized the currency, and the 37-page Glass-Steagall Act (19342), which bifurcated commercial and investment banking.
, By some estimates, a single page of financial legislation is typically leveraged into 30 pages or so of financial regulation by federal agencies (as recorded in the Federal Register); thus the Dodd-Frank law could eventually entail more than 25,000 pages of regulation, on top of the pages the financial sector already faces. The so-called “Volcker Rule” in Dodd-Frank, which regulates proprietary trading, is 11 pages long, but agencies have issued a 298-page “proposal” with 1,420 questions for affected firms; the 298 pages were described as “unintelligible any way you read it” by a banker who supports Dodd-Frank.
), blue hat :process:
( (get a group of people who could benefit in the process as a test trail
, get someone who could have faith in a young student women
, have moral guidance
and talk to older people who could help
)), red hat :<3:feelings
, yellow hat :!!: benefits
and green hat :creativity
( (start companies that will help provide for the uneducated
, make food more capable for people who are unable
, getting with a multiple financial advisors
and basically making things more affordable