The biggest fraudsters
Richard Rahn looks at the Thoughtless Power-Hungry Politicos (TPPs):
"The number of listed companies on major U.S. exchanges is a little more than half of what it was 15 years ago. During the same time, the SEC's budget has increased fivefold, which has only served to benefit the SEC staff at the expense of the taxpayer, the job-seeker and the productive entrepreneur. The arrogant TPP bureaucrats at the SEC only allow less than 2 percent of the U.S. population (i.e., 'accredited investors') to invest in new offerings without the company going through a very costly registration process. The remaining 98 percent of the population are deemed too stupid to know how to invest their own money."
Read on.
Thanks, David.
"The number of listed companies on major U.S. exchanges is a little more than half of what it was 15 years ago. During the same time, the SEC's budget has increased fivefold, which has only served to benefit the SEC staff at the expense of the taxpayer, the job-seeker and the productive entrepreneur. The arrogant TPP bureaucrats at the SEC only allow less than 2 percent of the U.S. population (i.e., 'accredited investors') to invest in new offerings without the company going through a very costly registration process. The remaining 98 percent of the population are deemed too stupid to know how to invest their own money."
Read on.
Thanks, David.
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