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In the past decade, the Securities and Exchange Commission’s budget has increased threefold and the fundamental problems remain. For the sake of investors, who have lost billions in fraudulent schemes that should have been discovered, it is high time that these organizational issues be addressed.
Dodd-Frank overall is a poorly drafted statute that drastically expands the power of the federal government, creates new bureaucracies staffed with thousands, and does little to help the struggling American citizen.
Despite a $160 million outstanding lifeline, Treasury misrepresentation paints a rosy picture of success.
A new rule approved by the commissioners of the Securities and Exchange Commission will discriminate among shareholders, since the SEC would increase the clout of special-interest groups at the expense of the vast majority of shareholders.
Congress is close to passing an extensive financial services bill that began as an attempt to punish Wall Street but has morphed into a bill that hurts everyone, as it restricts the wealth creation of the financial markets.
Congress should focus on giving more transparency to investors and market participants to limit risk and encourage growth.
The debate regarding financial services has devolved to politics, rather than a focus on sound policy that will foster a robust financial sector capable of raising capital efficiently for the "real" economy of businesses creating goods and services, and thereby jobs.




