Calling into Question the Committee for Capital Market Regulations True Motivations

Today I spoke before the National Association of Securities Administrators Association on Wall Street’s greedy efforts to scale back Enron-era corporate and securities regulation. I’ve posted my speech here.

For the life of me, I can’t figure out how Paulson’s committee is arguing for the deregulation of reforms that are targeted at curbing their own indiscretions. To put it another way, this is like Pete Rose asking Major League Baseball to sanction gambling on games!