The “Jumpstart Our Business Startups Act” (in addition to everything else, the Act has an annoying, redundant title) will very nearly legalize fraud in the stock market.
In fact, one could say this law is not just a sweeping piece of deregulation that will have an increase in securities fraud as an accidental, ancillary consequence. No, this law actually appears to have been specifically written to encourage fraud in the stock markets.
Ostensibly, the law makes it easier for startup companies (particularly tech companies, whose lobbyists were a driving force behind its passage) to attract capital by, among other things, exempting them from independent accounting requirements for up to five years after they first begin selling shares in the stock market. The law also rolls back rules designed to prevent bank analysts from talking up a stock just to win business, a practice that was so pervasive in the tech-boom years as to be almost industry standard.
Even worse, the JOBS Act, incredibly, will allow executives to give “pre-prospectus” presentations to investors using PowerPoint and other tools in which they will not be held liable for misrepresentations. These firms will still be obligated to submit prospectuses before their IPOs, and they’ll still be held liable for what’s in those. But it’ll be up to the investor to check and make sure that the prospectus matches the “pre-presentation.”
Obama’s health care plan was designed to insure insurance company profits, so this shouldn’t be a surprise. Here’s Taibbi’s response to criticism to this article.
I am so sick and tired of these JOBS scams . We need to vote
these dingleberries who had anything to do with this JOBS legislation out of office.
Only to vote newer dingleberries in.
You haven’t figured it out yet have you?
Cursor_
“Obama’s health care plan was designed to insure insurance company profits, so this shouldn’t be a surprise.” is a BS cubed. It is extreme Left and/or Chicago politics scam to make something appear on the surface as “helpful” for this or that political cause that is in direct opposition of what they really want. Suckers take a bait. In this case insurance companies. Helping along what is essentially a suicide. In this case, Obamacare is designed to kill private health insurance over time. The whole concept is unsustainable and aimed for quick drop of the majority of the people to the Government backed health care plans. Once that happens health insurance becomes a fringe for extremely rich in a matter of years (so expensive that only top 0.1% can afford it). Check-mate. Introducing a single payer system by the force of regulation (and with excuse that it is not single payer as the top 0.1% still can have private insurance). Catastrophe for the majority with slight of hand that now everyone is covered. With moth eaten, rotten, flea ridden blanket, but covered.
I hope you are right.
Single payer would be wonderful.
Why?
Because everyone is covered resulting in a healthier society/workforce.
Because it is cheaper.
Because it removes healthcare cost as a cost element in manufactured goods allowing USA built products to become more competitive.
Because private sector health care competition drives up the cost unnecessarily.
Because it is a proven way to provide healthcare as shown by the 23 other countries doing so with better results at half the cost.
Its called doing the right thing while saving yourself money to boot.
1. You are assuming everyone seeks treatment or it is available. You are also predicting the future.
2. I have never seen ANYTHING run by the government cheaper.
3. It would be better to remove the cost of unions. That way the UAW would not own GM.
4. Competition drives advances in medical care, drugs, technology, etc. It also encourages the best and brightest to study medicine.
5. Cite a reference please.
6. Strictly a subjective opinion.
At the time you said it would make things worse, but that’s OK, because it would lead to more pressure for single payer.
Mextli: ABO contentiously and in error says:
4/22/2012 at 8:02 pm
1. You are assuming everyone seeks treatment or it is available. /// No, of course not. Its simply aggragates of people and their statistical results.
You are also predicting the future. /// Yes, as stated, as evidenced by past and current successes and failures–just as walking off a pier predicts future wetness. Just how simple minded are you?
2. I have never seen ANYTHING run by the government cheaper. /// Healthcare, Post Office, Park System, National Insterstate Highways, Military==all sorts of things. Just how simple minded are you?
3. It would be better to remove the cost of unions. That way the UAW would not own GM. /// Simply stated: not true. Healthcare is the most important cost component in GM cars. Germany and Japan competing quite well against USA manufacturing, including cars, all with Welfare States with greater benefit coverage than in the USA. Just how simple minded are you?
4. Competition drives advances in medical care, drugs, technology, etc. It also encourages the best and brightest to study medicine. /// The best and the brightest go to business school where they can plunder using computers. Just how simple minded are you?
5. Cite a reference please. /// Not for you, but for others who are as simple minded as you and don’t know the basics of the discussion nor how to google: I searched on (health outcomes by country) and this was my first hit: http://theincidentaleconomist.com/wordpress/health-outcomes-report-cards-by-country/ a conservative source by
most accounts. So, 16th in ranking on this study. Pretty sure I’ve seen 23rd reported more often–again, this source is conservative. Ha. ha.
6. Strictly a subjective opinion. //// Only if letting people suffer is a good thing and cost comparisons are not mathematical in nature. Just how simple minded are you?
Morans—and yet they can type.
It is just not worth discussing anything with you. Every time you retreat into this nasty persona where the main thrust of your argument is calling people names.
Next Lie–the issue is about balanced in my mind. If you were “open” to new ideas, the truth, you wouldn’t post the challenges/statements that you do. You do post as a simpleton repeating talking points that in your life you haven’t had the interest to challenge or think thru. You post your drivel here thinking you have a winning position. When you are called on it and have no other response, you want to whine about the major thrust? Another losing argument. I thrust because I am tired of the kind of stupidity you post with, it in large part has ruined this country of ours and is greatly the interference for fixing our problems.
Until you can avoid the thrust and think for yourself regardless of the “challenges” you are but canon fodder in the class warfare that is inherently part of society. Not manufactured: Inherent. And you respond about wanting respect when you advance “ideas” of no substance at all. If you don’t want to be called simple minded, don’t post in such manner.
The requirement is to think about the challenges facing our society in the real world, not fantasy excursions that assume impossible/unacceptable dogma.
That, plus there is an element of humor to it as well if you get bent in that direction. You weren’t expecting the Spanish Inquisition? Go find yourself the comfortable chair.
You were right in one notion that you did misapply: “it” is all subjective. “It” a novel by Stephen King about a universal evil force at the heart of reality. In his case, fiction. In our case, Republican Voters.
Ride the turtle.
Bobbo, please streamline and condense.
You often have a decent enough point, but you pack so many over-used cliches and fad expressions that you write a super-bloato-post.
Which often requires too much effort to locate the thing you were trying to say.
Brevity is the soul of wit.
Somewhere your English teacher is getting very mad.
HM–now why didn’t you simply post:
Brevity!
Because that would not have satisfied the itch. Like yourself and everyone else here, I don’t post “for you.” I post for me. Me, me, me, me, mememememem, because I am the center of the universe. And if not the universe, then my universe==just as I create it on this page, electronic and as ephemeral as it is.
Should I go on? I would except somehow complimenting Pedro on his concise and humorous insightful use of language, like electroshock therapies, dissuades me from wading waiste deep into verbiage.
What a satisfying day it would be if my croissants had not been all cheesed up and consumed.
Know what I mean? In 500 words or more………
The fed gov never ceases to amaze me as do some of the big government is better fans.
There are some projects that are so costly that Fed. Gov involvement is needed but the level of waste and corruption coming out of DC means nothing is cheaper.
The JOBS act is limited to smaller sets of funders. Good bill all around.
NextLie and Anonamouse have inspired to address the issue only slightly more in depth in a continuing diatribe on the cagematch:
http://cagematch.dvorak.org/index.php/topic,10339.msg43683.html#msg43683
Stand your Ground.
Dvorak—this site is so F-up’ed you can’t even link to your own sister website?
Why aren’t you P-O’ed about this? – – – – and fix it?