Matt Taibbi over at Rolling Stone has an intriguing piece up from Monday discussing the recent JOBS -"Jumpstart Our Business Startups"- Act, a law rammed through Congress, the Senate, and signed by President Obama last week that will, essentially, pave the way for widespread fraud in the stock market. But, Taibbi shows, the law could be far more dangerous.
"In fact, one could say this law is not just a sweeping piece of deregulation
that will have an increase in securities fraud as an accidental, ancillary
consequence. No, this law actually appears to have been specifically written to
encourage fraud in the stock markets."
Read more: http://www.rollingstone.com/politics/blogs/taibblog/why-obamas-jobs-act-couldnt-suck-worse-20120409#ixzz1rfG6vt5v
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