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The Frank-Dodd Act Could Solve Part of the Unemployment Problem

Posted on July 15, 2010 by Caleb Newquist

“In 2,500 pages of dense prose, we’re about to receive legislation that could better be entitled ‘The Lawyers’ and Lobbyists’ Full Employment Act.”’

~ Harvey Pitt, former SEC Chairman, graduated with his law degree from St. John’s in 1968.

Posted in Quote of the Day, SECTagged Financial regulatory reform, Harvey Pitt

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Next: Accounting News Roundup: Congress Still Stalling on Tax Bill; ‘Most Americans Have Not Planned Well for Their Futures’; Deloitte’s Schroeder Joining FASB | 07.15.10

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Washingtonians Mind Their Own Wallets

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“Antitax voters clearly won a victory on Tuesday. But it would be a stretch to say that they don’t want higher taxes on the wealthy. More likely, they just didn’t want higher taxes on the nonwealthy.”

~ Robert Frank, on Washington’s rejection of Initiative 1098.

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Quote of the Day: Is Michael Koss a Sad or Happy Clown? | 03.04.10

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“Michael Koss is a clown. He does not belong on the board of directors of any company. He needs to be minding his own company, and until he can clean things up there, he should not be allowed to go outside and play.”

~ Tracy Coenen, on Mr Koss’ resignation as the Audit Committee Chairman of Strattec Security Corp.

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John Boehner: What Have You Done for American Families and Small Business Lately, Mr. President?

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“If the President really wants to help small businesses, he should insist that Congress not leave town without cutting spending and stopping his tax hike to help create jobs – particularly small business jobs. By failing to act, the President is turning his back on American families and small businesses.”

~ The House Minority Leader, in a statement, nanoseconds after The President signed The Small Business Jobs and Credit Act of 2010 into law.

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