Wall Street Reform and Consumer Protection Act

Wall Street Reform and Consumer Protection Act

Cry Wolf Quotes

Today’s competitive markets, whether we seek to recognise it or not, are driven by an international version of Adam Smith’s "invisible hand” that is unredeemably opaque. With notably rare exceptions (2008, for example), the global “invisible hand” has created relatively stable exchange rates, interest rates, prices, and wage rates.

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Alan Greenspan

[A dramatic increase in regulation under the Obama administration is] threatening to short-circuit our recovery and undermine our long-term growth....More importantly , it is suffocating the entrepreneurial spirit so vital to America’s success.

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Thomas Donohue, President of the Chamber of Commerce

Our concern is that ... it will create a one-size-fits-all federal system that will marginalize both directors and shareholders.

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Tom Quaadman, executive director of the Center for Capital Markets Competitiveness at the U.S. Chamber of Commerce

This one-size-fits-all approach would distract directors from managing a company, lessen shareholders voice in proposals and director elections, and continue to disenfranchise retail shareholders.

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R. Bruce Josten, Executive Vice president for Government Affairs with the Chamber of Commerce