This pending law is a game-changer for the biggest risk-takers in American Capitalism: the entrepreneurs who are creating jobs by starting and growing companies and the investors who provide them with the financial resources to do so. I'm one of the winners of this bill -- but that doesn't mean I'm not attuned to the losers.
Demonstrating that disregard for sound financial regulation knows no party, the Senate on Thursday passed the Jumpstart Our Business Startups Act, or JOBS Act.
WASHINGTON — Legislation to help startup companies raise capital by reducing some federal regulations won easy passage in the Senate Thursday de...
The "Jumpstart Our Business Startups" Act, the comically forced effort to create a catchy acronym, is the most cynical bill to emerge from a cynical Congress and administration. It is an exemplar of why congressional approval ratings are well below those of used car dealers. The JOBS Act is something only a financial scavenger could love. It will create a fraud-friendly and fraud-enhancing environment. It will add to the unprecedented level of financial fraud by our most elite CEOs that has devastated the U.S. and European economies and cost over 20 million people their jobs. Financial fraud is a prime jobs killer.