This is what happens when you write a law as bad as the Dodd-Frank Act…

A group of delusional senators want regulators to finalize the Volcker Rule regulations by the Summer, according to a piece in The New York Times Dealbook.  Given how horribly written the first set of proposed Volcker Rule regulations are and the fact that the relevant regulators have already conceded they will not meet the July deadline, this whole thing seems more like a political ploy than a serious moral imperative. 

Of course, had Congress not written such a bad “Frankenstein” style law in the first place or had it, at the very least, set reasonable deadlines instead of ridiculous ones, then the senators’ demands might have slightly more credibility. 

As it stands right now, it just seems like unmitigated whining, but hey, it’s an election year after all, so it’s not like we should expect serious political debate on the important issues of the day….