“All of us have been frustrated trying to understand voluminous laws, rules, and regulations, and I just ran across something the remarkable James Madison and Alexander Hamilton wrote in Federalist Paper 62,…

…distributed in 1788 at the Constitutional Convention: “It will be of little avail to the people that the laws are made by men of their own choice if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood.”  He continues on how bad it will be, “… if they be revised or undergo such incessant changes that no man who knows what the law is today can guess what it will be tomorrow.” It’s as if these Founding Fathers foresaw laws like Dodd-Frank 225 years ago.  The Act is over 2,300 pages and mandates over 400 regulations and 200 studies, not something Madison or Hamilton would have approved of.”, Excerpt from November 2015 Mortgage Industry Newsletter

Posted on November 16, 2015, in Postings. Bookmark the permalink. Leave a comment.

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