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Bank Regulation

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Wal-Mart, Target Avoid Mining Rule

Big U.S. Retailers Are Expected to Escape Dodd-Frank 'Conflict Mineral' Disclosure Requirement


That's the WSJ headline, you can find the story on the website. it does require subscription. you dont need to read the story to understand my point though.

Why is the SEC involved in "conflict minerals" in Africa?? Why are they involved in anything to do with importing and manufacturing??? They admit they are way understaffed yet they spend time and money regulating something not related to the markets? That has nothing to do with a fair and orderly market. This is exactly what i comment on repeatadly. So Dodd Frank address's conflict minerals but derivatives continue to trade unregulated. the ONE thing that actually had an impact on our last crisis is not regulated but the agency responsible for our markets spends time checking for conflict minerals. What a joke!

We need more simple regulation that helps to maintain a fair and orderly market. its not complicated. our politicians are not capable of this. Dodd Frank is a joke. all arguments to the contrary are invalid. (said with a smile)
"The point is, I'm weird, but I never felt weird."
John Frusciante

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