Thursday, June 16, 2011

Heard This Morning on the Radio

Arthur Levitt, former SEC chair:

"Dodd Frank was seriously flawed in that it abdicated the responsibility
for rule-making to the regulators".


Montag said...

Ol' Arthur seems to understand just how compromised and captured that the regulators of today, indeed, are.

What Mr. Levitt didn't say--and should have--is that Dodd-Frank was written that way by design, because Congress is itself compromised and captured by the same forces in silent control of the regulators.

Anonymous said...

be glad I don't have oodles of money for the banks/ins.cos and securities sales men to lose for me.

pansypoo said...

GAMBLE for you. i am SO not investing.