Re: Campaign 2016 - It's never too late to start all over again!
I think back to the time the NY Attorney General's office started doing the SEC's job for them. Lo and behold, it turns out you could send people to jail for fraud. Who would have thunk it? Or shine a spotlight on ridiculous pay packages (remember Dick Grasso getting $140M in one year as head of the NYSE until it became a public issue). To my knowledge NY didn't pass new laws regulating Wall St. They used existing ones while the SEC sat around with their thumbs up their @ sses until they decided to go after Martha Stewart for her whopping 10K insider trading scandal.
So, often times the anti-regulation crowd counters by saying we have enough of them. Okay - I'd call their bluff. Lets start actually enforcing those regulations and then see if there are any gaps.
Originally posted by Kepler
View Post
So, often times the anti-regulation crowd counters by saying we have enough of them. Okay - I'd call their bluff. Lets start actually enforcing those regulations and then see if there are any gaps.
Comment