May God bless Our completely Free, Uninhibited, and Unbiased market economy that, for some reason likely tied to his un-Americanism, noted socialist Obama hates so very much:
By granting exemptions to laws and regulations that act as a deterrent to securities fraud, the S.E.C. has let financial giants like JPMorganChase, Goldman Sachs and Bank of America continue to have advantages reserved for the most dependable companies, making it easier for them to raise money from investors, for example, and to avoid liability from lawsuits if their financial forecasts turn out to be wrong.
Freedom! If we can just keep on keeping Big Guvmint off the backs of these little Mom and Pop operators, just think of all the jobs that will be created when, again, their “financial forecasts turn out to be wrong.” Going to be a big day for us all.