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Old 11-03-2009, 08:47 AM   #1
Junior Member
 
Join Date: Feb 2009
Posts: 68
White House Quietly Working To Weaken Investor Protection

Business as usual. This article is from huffington post a liberal organization.

Quote:
"Democrats like to talk a lot about how the deregulatory Bush Administration caused the financial crisis. I'm frankly having a hard time understanding why some of those same Democrats are lending their support to legislation that would weaken protections against accounting fraud even more than Christopher Cox's SEC was willing to do," said Barbara Roper, director of investor protection at the Consumer Federation of America, in a reference to the much-maligned former SEC chairman under the previous administration. "And [the Obama administration] wonder[s] why people question their credibility as financial reformers?"


White House Quietly Working To Weaken Investor Protection
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