THE LOBBYISTS AND US

Translated from the French by Tim Gupwell.

In the Wall Street Journal today:

A new American law requires US-listed companies to mention on products containing certain minerals that their extraction fuels conflict in Central Africa.

Too expensive for businesses, said the lobbyists! Get rid of it!

The Securities and Exchange Commission (SEC), the financial regulator in the US, has developed a host of measures designed to prevent a repetition of the collapse in short-term money markets, which cost American taxpayers more than six hundred billion dollars, plus a few hundred billion Euros for European taxpayers.

 Too expensive for the banks, said the lobbyists! Get rid of it!

 

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