The only part of your post that I disagree with is that the bill has 20% good ideas. If the federal government really wanted to discourage excessive risk-takin

The only part of your post that I disagree with is that the bill has 20% good ideas. If the federal government really wanted to discourage excessive risk-taking in the financial marketplace, why doesn't it allow people who make bad bets to lose money? The market offers free financial "regulation" called "losses". Instead, the feds bailed out bondholders of large financial institutions at a rate of 100 cents on the dollar. They bailed out counterparties who took out insurance contracts from insolvent firms. They bailed out the unions that killed the very companies they worked for. They gave $billions in handouts to homeowners who bought a house that they couldn't afford. And what happens to the prudent people who didn't make bad bets? They get to pay taxes to bail out the imprudent people. Thrift is punished and recklessness is rewarded. Then after the fact the feds pass some anti-capitalist bill that they can trumpet in the press that does more harm than good. The feds micromanage the economy in an attempt to prevent the effects of the incentives created by their own past actions. It's all highly irrational.