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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Palau who wrote (25287)	1/24/2008 5:59:36 PM
From: TimF	Read Replies (1) \| Respond to of 71588

the SEC needs to be strengthened That could be debated, but lets assume its true. You can strengthen it by giving it more resources to deal with serious cases of fraud. Or you could pass a bunch more regulations for it to enforce, reducing its ability to enforce each, and increasing its cost, not just its direct cost, but more importantly the burden it imposes on companies. The first sounds like a better idea to me, but most people who talk about strengthening regulators want to push more regulation, not more effective regulation (which would probably include getting rid of some of the useless or counter-productive regulation already on the books), or even increasing resources a bit, and enforcing the same regs.