Too much bureaucracy
Cry Wolf Quotes
The Securities Act of 1933 created a serious obstacle to recovery, through its drastic regulation of the issuance of new securities by private enterprise. The Banking Act of 1933 created an additional impediment through the provisions of Section 16 prohibiting the national banks from participating in underwriting securities after June 16, 1934.
The Dodd bill would push the government into the business of dictating the terms at which consumers and businesses can contract. This has nothing to do with protecting consumers and everything to do with replacing consumer preferences with bureaucrats’ choices.
The real worry is that these new rules and regulations do not create a risk factor or a timidity that is so severe that... they sit on the sidelines worrying more about rules and regulations than they do about making money.
[The proposed OSHA standard would force employers to follow] overly simplistic procedures...which differ markedly from well-established hazard warning practices….[creating] in favor of potentially confusing over-labeling [and] “excessively detailed hazard evaluation procedures.
