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I wonder who would prosecute them. What about an AG who, when confronted about doing a bad job, deflects by pointing out that Nasdaq is "smashing records?"
by foobarian 6mo ago
I wonder who would prosecute them. What about an AG who, when confronted about doing a bad job, deflects by pointing out that Nasdaq is "smashing records?"
- cogman10 6mo agoI'd be in favor of giving Lina Khan a lifetime appointment to heading the FTC along with 10x their current budget to tackle exactly this problem. A major part of the problem isn't even that we don't have laws on the books, it's that funding to the enforcement agencies has been gutted to the point where they can mostly just go after extreme egregious violations or very easy to win cases. The IRS is in exactly the same boat.
- SilverElfin 6mo agoThat would be great, but I think even her job needs new laws. Otherwise, one of the problems is even hardcore enforcement takes years and huge amounts of taxpayer expense. We need to make it simple, cheap, and quick to improve competition.
- cogman10 6mo agoI don't disagree. I think she's about the perfect person to be involved in writing those new laws in some fashion.
- hoppyhoppy2 6mo agoShe's not the AG anymore, though I'm not claiming that Todd Blanche is better.