Five Myths About Dodd-Frank is actually by Chris Dodd. So he defends his law against what? Against repeal because he knows something is better than nothing and if this was rewritten it would be much stricter. The good/bad news is that most of this law is not really in effect yet. Like the health care law, it will take a while to implement because it is so detailed. Another delay was in the senate as a director for the new agency it created had to be appointed and the senate did not want the real author Elizabeth Warren. His final point is back to something is better than nothing. Eek!