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The SEC has issues, like all of our govt these days. Corruption is rampant. I am not so sure we need the SEC, but the FINRA doesn't convince me they are the way to go.
The offices like the GAO also don't do their job imo, though they have expanded their authority, like the FED. The line between private and public is virtually gone. It is all integrated. How well an agency does it's job is this issue. Seems to be conflict of interest all around.
The SEC has issues, like all of our govt these days. Corruption is rampant. I am not so sure we need the SEC, but the FINRA doesn't convince me they are the way to go.
Of course not. My point was obvious though. Does it make a difference between one group that will not do anything compared to another group that won't do anything?
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The offices like the GAO also don't do their job imo, though they have expanded their authority, like the FED. The line between private and public is virtually gone. It is all integrated. How well an agency does it's job is this issue. Seems to be conflict of interest all around.
Of course not. My point was obvious though. Does it make a difference between one group that will not do anything compared to another group that won't do anything?
Right now all of them are failing us.
Actually, I got your point. I think it is valid. One that needs asking. We have a messed up situation and it needs to be addressed.
Many people simple stop at this is "public" and this is "private". Which isn't really the issue.
Actually, I got your point. I think it is valid. One that needs asking. We have a messed up situation and it needs to be addressed.
Many people simple stop at this is "public" and this is "private". Which isn't really the issue.
I would be good with that argument if there was a solid factual basis behind it. Unfortunately at the insistance of the private, the government has made it all public.
I would be good with that argument if there was a solid factual basis behind it. Unfortunately at the insistance of the private, the government has made it all public.
Not sure what you mean. However, I will clarify my statement.
The private and public are integrated from what I can see. So saying it is all one or the other I think confuses the issue. I am referring to the typical Wall Street vs Main Street paradigm.
The composite govt owns controlling shares of public companies via investment funds, an enormous list. Companies like Goldman Sachs and JPM. They have a plethora of these funds. They also keep tons of assets and surpluses they don't give back to citizens via accounting practices mostly. NM taxes, fees, revolving doors, special interest, NGOs, expense accounts etc...
These same companies self-regulate and control the world economies.
Not sure what you mean. However, I will clarify my statement.
The private and public are integrated from what I can see. So saying it is all one or the other I think confuses the issue. I am referring to the typical Wall Street vs Main Street paradigm.
O.K., I might have misunderstood where you were going.
Quote:
The composite govt owns controlling shares of public companies via investment funds, an enormous list. Companies like Goldman Sachs and JPM. They have a plethora of these funds. They also keep tons of assets and surpluses they don't give back to citizens via accounting practices mostly. NM taxes, fees, revolving doors, special interest, NGOs, expense accounts etc...
These same companies self-regulate and control the world economies.
I see where you were going. Indeed they can not get in bed with the government and then expect for the public (government) to just get out of the way.
I believe we should fully seperate the two. I would still support regulations dealing with things like fraud.
O.K., I might have misunderstood where you were going.
I see where you were going. Indeed they can not get in bed with the government and then expect for the public (government) to just get out of the way.
I believe we should fully seperate the two. I would still support regulations dealing with things like fraud.
This is why bills like The Commodity Modernization Act were setup and Glass-Steagall repealed. Why we bailed out Big Banks with 16trillion plus. JPM got 139bil. Why? Because they are the "Govt" bank.
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