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"I couldn't even read the whole application," says John Paulson of a 500-page SEC filing hedge...

"I couldn't even read the whole application," says John Paulson of a 500-page SEC filing hedge funds are to complete as part of Dodd-Frank reforms. "It's a complete waste of time ... they don't know what they wanted, they just asked for everything in every possible way." Yes, but Paulson (and everyone else) surely hired a team of lawyers to take care of it. Mission Accomplished.
Comments (3)
  • Squaxe
    , contributor
    Comments (39) | Send Message
     
    It is not 500 pages only because the SEC doesn't know what it wants. It's also 500 pages because the financial industry prevented enactment of simpler reforms and Congress is broken.
    21 Sep 2012, 03:23 PM Reply Like
  • Johann Galt
    , contributor
    Comments (236) | Send Message
     
    Mission accomplished- for the lawyers.
    21 Sep 2012, 04:14 PM Reply Like
  • 1980XLS-2.0
    , contributor
    Comments (525) | Send Message
     
    Yes,

     

    Most politicians are lawyers too!
    21 Sep 2012, 06:10 PM Reply Like
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