Political Quotes

Scott Garrett: For too long our financial regulatory system has been governed by global networks of really detached elites who believe…

On the recordJuly 11, 2016
For too long our financial regulatory system has been governed by global networks of really detached elites who believe they are smarter than the market and the people when it comes to allocating and assessing risk.
Said by
Scott Garrett
New Jersey

Editor's note · Context

Criticism of the current financial regulatory system's reliance on elite decision-making.

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Mr. Secretary, that you are the epitome of what is wrong with Washington today.

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I find it difficult to believe that the SEC will know where to draw the line better than each individual investor.

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