That, and other hurdles that regulators have had to jump through, have added up to a bill that's far behind where it should be implementation-wise. Taegan Goddard points to a remarkable series of charts by Frank Pompa and Denny Gainer at USA Today illustrating just how far behind Dodd-Frank is. Only 153 (38.4 percent) of the 398 required rules in the bill have been finalized. That's despite the fact that 70.1 percent were supposed to be finalized by this past Monday:
And even if it's implemented fully, some might argue that it doesn't go far enough. Konczal, for example, argues that higher capital requirements on banks are necessary. Ironically, slow or weakened Dodd-Frank implementation could boost the chances of such additional measures. As Ezra wrote earlier this year, "If the financial sector is too effective at evading meaningful reforms, then it’s probably only a matter of time before some too-big-to-fail institution self-detonates, putting the entire economy at risk. That’s when the bank-breakers will have their moment. They’re the only group in town with a persuasive answer if current reforms allow a too-big-to-fail bank to once again threaten the economy."