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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?


To: ftth who wrote (31009)8/16/2009 11:15:31 PM
From: Frank A. Coluccio  Read Replies (1) | Respond to of 46820
 
Good point, ftth the poster, although I'm not so sure that I'm any more comfortable knowing that the condition is as systemic and all-pervasive as you are suggesting, rather than just being able to point a finger to large companies that are usually top-heavy with capital ;)

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To: ftth who wrote (31009)8/17/2009 12:35:47 AM
From: axial  Read Replies (1) | Respond to of 46820
 
When you consider the degree of capture, and the regulator's historical failure to enforce regulations already on the books, I think it's fair to say the regulator's decisions favor the companies.

That is, the regulator acts for the companies - to the even when companies are clearly in violation the law, and defrauding taxpayers of billions.

Intentionally vague language is merely part of s duplicitous strategy, designed to make regulations opaque and infinitely arguable. That's how the regulators disguise the extent of capture.

Hair-splitting distinctions are merely part of the game. Clear, intelligible regulations are the last thing status quo players want, in the same way the financial sector wants maximum obfuscation in credit-card agreements: to increase the likelihood of end-user ripoffs, and the probability that challenges will be accompanied by protracted and costly litigation.

Does anybody seriously believe promises, if made, cannot be enforced? That clear agreements, demonstrably upheld, are beyond our ability?

Jim