Posted On: 07/18/2014 8:10:48 PM
Post# of 5789
Excerpt: The U.S. Securities and Exchange Commission’s Michael Piwowar called an umbrella group of financial regulators a “vast left-wing conspiracy to hinder capital formation.”
The Financial Stability Oversight Council’s initials really stand for “Firing Squad on Capitalism,” Piwowar, 46, said yesterday in a speech at the American Enterprise Institute in Washington. He called the FSOC “The Bully Pulpit of Failed Prudential Regulators” and “The Dodd-Frank Politburo,” adding that his opinions are his own and that the pejoratives are “entirely accurate.”
more below:
TBTF Strike Back! SEC Commissioner Calls FSOC “Vast Left Wing Conspiracy”
By Yves Smith
July 18, 2014
http://www.nakedcapitalism.com/2014/07/tbtf-s...iracy.html
The Financial Stability Oversight Council’s initials really stand for “Firing Squad on Capitalism,” Piwowar, 46, said yesterday in a speech at the American Enterprise Institute in Washington. He called the FSOC “The Bully Pulpit of Failed Prudential Regulators” and “The Dodd-Frank Politburo,” adding that his opinions are his own and that the pejoratives are “entirely accurate.”
more below:
TBTF Strike Back! SEC Commissioner Calls FSOC “Vast Left Wing Conspiracy”
By Yves Smith
July 18, 2014
http://www.nakedcapitalism.com/2014/07/tbtf-s...iracy.html
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