Allan D Grody looks at why dysfunctional technology is not the only similarity between two behemoths of reform.
Both the Health Care law and Dodd-Frank
legislation were passed during a 4 ½ month period when
both houses of congress and the White House were controlled by
one party. When I roamed the halls of congress with our "Fix
the Plumbing" amendment Dodd-Frank was then known in conference
as the Wall Street Reform and Consumer Protection
The clarion call of the reformers then
was 'Just let’s pass the damn thing –
we’ll fix it later!’ Well now is
later and at the detail level, especially where the rubber hits
the technology road, things are failing. The politest comments
now heard are that we are living in a transformational period
of unintended consequences.
While the Obama Care fiasco has reached
out to all Americans, the Dodd-Frank derivatives
implementations are similarly 'problematic’ but
not understood enough to touch the lives of many Americans and
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