American Madness

Intelligent Criticism in the Service of a Better Nation

Self-funding regulation:
Another stupid idea

Response to Top Securities Lawyers Call for Self-Funded S.E.C., in which it is stated that “Forty leading securities lawyers urged Congress on Friday to allow the S.E.C. to keep the hundreds of millions of dollars in fees it collects each year and use them to support its operations”:
We select among a series of bad options. [...]

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    As with Anna Karina, we prefer to remember the U.S.A as she was in the 1960s.
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