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the US Patriot act / FINRA was created as a job creation measure. It is essentially an indirect tax on banks to increase jobs after the stock market crash of 20
by epa 6y ago
the US Patriot act / FINRA was created as a job creation measure. It is essentially an indirect tax on banks to increase jobs after the stock market crash of 2001 ("compliance").
- A4ET8a8uTh0 6y agoThat is pretty cynical view of it and it has certainly been a side effect ( along with creation of 'list' cottage industry ), but I would argue that it was not its purpose.