ArkansasSports.com Articles
Jobd Act 2012 a Recipe for Fraud
Date: 2012-04-07T10:06:04.910
Author: Yves Smith
Editor note: It is hard to say enough bad things about the Jumpstart Obama’s Bucket Shops act in a short space. I’m in the UK now, and a contact asked me to explain it to him. When I told him of some of the major provisions, he could not believe what he was hearing. He said (correctly) that it was a great boon for conmen and aside from a few companies who were early to raise money under the new law, would make obtaining equity funding more difficult and costly for legitimate operators.
Teaser: It is hard to say enough bad things about the Jumpstart Obama’s Bucket Shops act in a short space. I’m in the UK now, and a contact asked me to explain it to him. When I told him of some of the major provisions, he could not believe what he was hearing. He said (correctly) that it was a great boon for conmen and aside from a few companies who were early to raise money under the new law, would make obtaining equity funding more difficult and costly for legitimate operators.
Number of Views: 1717
View original artilce: http://www.nakedcapitalism.com/2012/04/jobs-act-2012-a-recipe-for-fraud.html
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