The Supreme Court has stripped the Securities and Exchange Commission of a major tool in fighting securities fraud in a decision that also could have far-reaching effects on other regulatory agencies.
The SEC won’t get additional funding, so they’ll necessarily have to let all but the highest priority cases go because they don’t have enough resources to take everything to court.
This is exactly what the Republicans want. It’s exactly what they did to IRS. Create more work for them and starve them at the same time, so that their corporate puppetmasters can get away with whatever they want, and the few times they do get taken to court, they can throw their big team of lawyers at it, drag it out, and make it not worth pursuing.
This is by design. This is their goal. And I’m certain that SCOTUS colluded with the lower courts to deliver this case to them with a bow tie.
The SEC won’t get additional funding, so they’ll necessarily have to let all but the highest priority cases go because they don’t have enough resources to take everything to court.
This is exactly what the Republicans want. It’s exactly what they did to IRS. Create more work for them and starve them at the same time, so that their corporate puppetmasters can get away with whatever they want, and the few times they do get taken to court, they can throw their big team of lawyers at it, drag it out, and make it not worth pursuing.
This is by design. This is their goal. And I’m certain that SCOTUS colluded with the lower courts to deliver this case to them with a bow tie.