Barry, My Liege:
Securities and Exchange Commission Chairwoman Mary Schapiro has urged Senate leaders to "improve investor protections"in HR3606.
Holy Cow. What do y'all need anyways.
Gimme me some pepper spray and a flight to DC.
Y'all been suckered, hoodwinked and made fools.
Them bankers are at it again.
Y'all bout to pass a bill which will open up the pigpen and let the bankers run wild.
Gotta stop it.
It's gotta be deep sixed - soon, like tomorrow, Monday March 12, 2012.
'Under the guise of creating jobs, the House bill [HR3606] would make it easier for companies to raise money from the public without fulfilling some - or in certain cases virtually all - of the obligations designed to protect investors in public companies. However, there is no requirement or guarantee that companies would use any of the money to hire a single person.
...Columbia Law School Professor John Coffee has nicknamed the bill's crowd-funding provision, which would let private companies raise money from mom-and-pop investors over the Internet, the "boiler room legalization act."'
That's from Kathleen Pender; here's the link: http://www.sfgate.com/columns/networth/
My Liege, we have to do better than this.
Your faithful servant,
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