The Dodd-Frank Act has taken a beating from lawmakers, financial industry executives and others. The vilification of the law is interesting since much of it has yet to be implemented. Most critics have not read the entire law. "As a service to them, we did so," Bloomberg editors write. "What we found, admittedly cloaked in eye-glazing language, was an elegant core of sensible ideas. Consider it a fail-safe system with three levels of containment."