Experts at work

The WSJ reports:

But the work on the far-reaching rewrite of the nation's financial rules will hardly be over when Mr. Obama signs it into law. The legislation gives financial regulators significant discretion to shape the rules implementing the legislation. That rulemaking process will determine how the new law affects those ranging from traders of complicated derivatives to consumers shopping for a mortgage or a credit card.

All told, the bill directs regulators to write 533 rules, according...