On the recordMarch 18, 2009
We maybe should make a regulator for each institution.
Said by
Jim Bunning
Source
congress.govWe maybe should make a regulator for each institution.
Bunning suggests creating a separate regulator for each institution.
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Is that not just kind of a transferring of what we cannot pay for and what our excesses are presently to my children and grandchildren? Is that not kind of a wealth transfer or a debt transfer?
This is a stunning case, knowing that the SEC has changed hands and things, that they would not jump down this after the Madoff--Bernie--after his case hit the papers.
I mean, that to me is criminal negligence, and the sooner they get him before a U.S. court, the better I will like it.
It seems impossible and outrageous that it took 8 years from the time that possible fraud was identified before the SEC spent any energy on enforcing the law.