Wednesday, July 22, 2015
Lack of regulatory enforcement
See this story, where the SEC is still not enforcing regulation passed 5 years ago in the Dodd-Frank Bill. Which of course is directly pertinent to President Obama's claims that there are enforcement provisions in the TPP so we need not worry about it. Recall Senator Warren's report on the terrible lack of enforcement in previous trade agreements. And then there's the Justice Department's complete lack of criminal prosecution in the Wall Street crimes, despite said Wall Street admission to crimes. The regulators have clear laws and refuse to enforce them because they too are paid off by these criminals.