6 ms·
Law enforcement and courts aren't funded in a way that makes that effective.
by adamc 9y ago
Law enforcement and courts aren't funded in a way that makes that effective.
- JumpCrisscross 9y ago> Law enforcement and courts aren't funded in a way that makes that effective In the 1930s, the Congress realized that financial crimes were (a) prevalent, (b) serious and (c) difficult to investigate and prosecute. So it created the SEC [1]. Its specialists, with the budget, focus and mandate to pursue securities-related violations, have been effective (relative to pre-1930s finance). Regulators make rules. They also enforce them. We have no top cop for technology. The costs of that gap are becoming apparent.
- gt_ 9y agoAverage US citizens have no comprehension of 1930s America, FDR, etc. but the same people will instinctually glorify the 1950s as a time when traditional values led to economic prosperity.