On the recordJuly 14, 2009
To address systemic risk and fraud, do you think the SEC is better off focusing on resources on constant supervision and examination or kind of after-the-fact enforcement?
Said by
Jim Bunning
Source
congress.govTo address systemic risk and fraud, do you think the SEC is better off focusing on resources on constant supervision and examination or kind of after-the-fact enforcement?
Bunning questions the SEC's focus on supervision versus enforcement.
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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?
Should we not be concerned about the impact this, paired with the large budget deficits that this administration has projected, will have on my 40 grandchildren and future generations?