Out in regulation land is Dodd-Frank, waiting to become full grown.
Here is a question asked about Dodd-Frank in comparison to the NCAA.
The question is, can Congress act quickly enough to add regulations to stay ahead of the Wall Street Quants, Accountants and Lawyers? Or, if they pass the rule making off to some agency, do we lose democratic control of the process?
Hat tip to the Instapundit.
Regards — Cliff