The Flinchum File
Thoughtful Economic Analysis and Existential Opinions

Rare Agreement?

01/12/2019

It is not everyday that both Republicans and Democrats will agree with Maxine Waters, the new fiery Chairwoman of the House Committee on Financial Services.  Among other agencies, her committee is responsible for the Securities & Exchange Commission, which has furloughed a whooping 94% of its employees.  There are now less than 300 employees responsible for the complex regulation of  26,000 registered investment advisors.  Equally important, companies cannot get approval for going public, meaning there can be no IPOs until the SEC reopens.  Her committee and the full House have approved funding to reopen the SEC immediately.  Now, do it!

Amen!  Nobody likes the SEC, but all Americans need it . . . NOW!

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