“A case in point is the Dodd-Frank Act. Wall Street was officially horrified by this law, which officially sought to end some of the practices that led to the financial collapse and big bailouts of leading U.S. investment firms in 2008-2009. But buried in the bowels of this 2,319-page law was a provision targeted squarely at ‘foreign investment managers.’ Simply put, the new rule forced every foreign bank, brokerage, or financial advisor with 15 more U.S. clients to register with the Securities & Exchange Commission. One Swiss-based investment manager who went through the process told me he spent more than $100,000 in legal fees to do it – not to mention hundreds of hours.”
And the money trail leads to…
- Post author:The Freedom Watch Staff
- Post published:September 25, 2013
- Post category:Network Archives / The Freedom Watch
Tags: Alternative News, Bandit Gang Writ Large, Bankocracy, CLibertyC, constitutional liberty coalition, economic Trends, for life and liberty, Fugitive Tax-Slaves, Land Of The Flea, Perverse Incentives, regime uncertainty, Resistance, sound money, statism, The Freedom Watch, Too Big To Succeed
The Freedom Watch Staff
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