New regualtions on the way to help protect you when you spend your money. No thank you.
Big Brother wants to watch you more closely. Especially how you spend your money.
Another problem, he added, is that the law "is extremely vague and empowering of the regulators. You as a consumer will have no opportunity to opt out. They'll be collecting, anyway, and you won't even know."
He noted laws on the books made illegal what Bernard Madoff did in his massive Ponzi scheme; and that the Securities and Exchange Commission repeatedly had been tipped off to Madoff, yet did nothing. So, no new laws are needed, just enforcement of existing fraud laws
Link to full article:
http://www.ocregister.com/opinion/data-248115-financial-bill.html
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