On the recordSeptember 12, 2011
But I would say the biggest problem we have had is a lack of enforcement, and it is the enforcement that we really need to focus on.
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congress.govMICHAEL GRIMM: “But I would say the biggest problem we have had is a lack of enforcement, and it is the enforcement that we really need…”
Editor's note · Context
Grimm emphasizes the need for better enforcement in financial regulations.
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Would you agree that if the E.U. does this exemption, it would limit the competition in services for U.S. businesses in an undesirable way?
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If a private company is on life support and you say to them we are going to play hardball so that you go out of business or you take this deal and shut your lip, that is what they are going to do.
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I don't think that is a diplomatic thing to do. I think that Argentina has been emboldened by this amicus brief.
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