Yale professor Robert Shiller delivered a profoundly odd op-ed this weekend arguing that Occupy Wall Street and promoters of “financial innovation” have the same goal in mind, to “democratize” Wall Street. Matt Taibbi is not one of those idealists. And he went off on the JOBS Act, which includes those crowdfunding provisions, presenting an overwhelming counterpoint to Shiller’s optimism and predicting JOBS will be haven for fraud.
|By: David Dayen Monday April 9, 2012 2:45 pm|
|By: David Dayen Thursday March 15, 2012 1:30 pm|
Overlooked in the mockery of the GOP House taking some innocuous-seeming bills about small business capital formation and wrapping them up into a package to call them the JOBS Act is that the underlying bills themselves are really not good at all. It’s an effort to exempt a bunch of companies from reporting requirements and weaken investor protections. It’s a financial industry deregulation bill.
|By: David Dayen Wednesday October 19, 2011 3:31 pm|
Occupy Wall Street has an ad. It’s a 30-second spot with members of the protest movement explaining their perspective, why they are in Zuccotti Park, simply and clearly. And it’s set to run on national television, thanks to a savvy crowd-funding group: