Inflation is at 9.1%. Two consecutive quarters of contracting gross domestic product have plunged us into recession. Stocks are in a bear market. and Gary Gensler makes things worse.
The head of the Securities and Exchange Commission is trying to enact dozens of new rules that would exacerbate our economic woes by increasing the cost of creating jobs, reducing the value of Americans’ investments and retirement savings, and weakening our financial system. The good news: Congress has the power to stop them.
https://www.wsj.com/articles/the-sec-courts-economic-disaster-securities-exchange-commission-inflation-default-borrowing-investors-markets-11659714942 The SEC Attacks the Financial Markets