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In The Interests Of Full Disclosure....

Talk about compliance issues and discuss the most recent compliance news.

In The Interests Of Full Disclosure....

Postby the observer » Tue Jul 27, 2010 5:26 pm

From the Wall Street Journal:


WASHINGTON—Legislation that would force greater disclosure of the political donations funding corporate and union campaign advertisements failed a key test vote in the Senate on Tuesday. Democrats were unable to muster the 60 votes needed to shut off a GOP-led filibuster holding up action on the measure, which is backed by President Barack Obama.

The 57-41 vote broke along party lines. The vote could signal death—at least in the current Congress—of legislation meant to blunt the impact of a landmark Supreme Court ruling in January that struck down major portions of campaign-finance laws designed to limit the influence of special interests in political campaigns.

A Couple of things come to mind here:

MATHEW 7:5... Thou hypocrite, first cast out the beam out of thine own eye; and then shalt thou see clearly to cast out the mote out of thy brother's eye.

PHYSICIAN HEAL THYSELF!!

It also leads me to questions like:

How much has the insurance and securities industry spent on FinReg to date?
the observer
 
Joined: Thu Nov 13, 2008 10:30 am