Banks do not have to start complying with the rules until the first day of their fiscal year commencing after September 30, 2008.
Obama took office on Jan 20 2009 and you expect me to believe that this rule by the SEC created the housing bubble in 110 days. LMAO Clinton started this mess and Bush didn't stop it, although he tried as I posted. A pox on both their houses, but the community organizer doesn't have a clue what to do to fix the problem,and you know it.