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Glass Steagall Legislation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CNN Fareed Zakaria GPS August 4, 2013 17:03:00

pages long. the 1933 glass-steagall legislation was only 37 pages long. the dodd-frank bill is 848 pages plus thousands of additional pages of rules. the affordable care act is more than 2,000 pages. bills have become so vast because they are qualified by provisions and exemptions and exceptions put in by the very industry being targeted. a process that academics call regulatory capture. the entire political system creates incentives. consider just one factor and there are many, the role of money which has expanded dramatically over the past four decades. harvard university s lawrence lessig has pointed out congressmen spend three out of every five work days raising money. they also vote with extreme attention to their donors interests. he cites studies that

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