July 21, 2010 6:49PM 

# Obama Tells It Like It Is 

By [David Boaz](https://www.cato.org/people/david-boaz) 

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The *New York Times* [reports](http://www.nytimes.com/2010/07/22/business/22regulate.html?ref=helene_cooper):

> President Obama signed into law on Wednesday a sweeping expansion of federal financial regulation.…
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> 
> A number of the details have been left for regulators to work out, inevitably setting off complicated tangles down the road that could last for years…complex legislation, with its dense pages on derivatives practices.…
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> 
> “If you’ve ever applied for a credit card, a student loan, or a mortgage, you know the feeling of signing your name to pages of barely understandable fine print,” Mr. Obama said.

##### Related Tags 

[Government and Politics](https://www.cato.org/government-politics), [Regulation](https://www.cato.org/regulatory-studies) 

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