Is the Dodd-Frank Financial Regulation Bill Unconstitutional? Maybe the IMF Policy Instructions
The massive U.S. financial regulation legislation, known as "Dodd-Frank", is finally heading to President Obama for signature. In addition to containing a partial reversal of the U.S. Supreme Court's decision in Morrison v. National Australia Bank, the bill also contains some rather stern instructions for the U.S. representative at the International Monetary Fund. The instructions are so stern that they...