Consequences or more pages?

Read William D Cohen’s piece on the mess which is Dodd-Frank. Surely severe consequences for criminal behaviour and true skin in the game (not outrageous options packages) would be more effective:

According to Davis Polk, the Wall Street law firm, the new regulations governing the banking system run to more than 22,000 pages of new rules, that’s on top of the 848 pages of the Dodd-Frank law—all of which is still in the process of being decoded, let alone understood, in the more than six years since the law was passed. Another 20 percent of the regulations mandated by Dodd-Frank still have not been written

Ignore the title of the article, it’s not a political piece.