How can you write a law that's this ambiguous? What utter bullshit. Seems completely ripe for abuse "from time to time" by the people running the CFTC.
Here's sort of a rule to live by - if you can't specify it clearly in a simple English paragraph, it probably shouldn't be written as a "law".
Obamacare (we have to pass the bill to known what's in the bill) @ 2000+ pages
FinReg (nobody effin' knows what it all means) @ 2000+ pages
At what point do we stop passing bills that we cannot understand? Dems are already backpedaling on the silly-assed financial reporting regulation of Obamacare which stands to cripple small business with really unnecessary paperwork - sort of the Congressional equivalent of searching the sofa cushions for spare change - because of the tremendous outcries against this unnoticed rule.
What other time bombs are ticking in these behemoths?
"According to the language of the law, sometime later this year it will become unlawful to enter into swaps “in excess of such amount as shall be fixed from time to time” by the Commodity Futures Trading Commission. But what will that amount be, and when will we find out? What is meant by “from time to time”?"
- Op-Ed Contributor - Reap What You Swap - NYTimes.com (view on Google Sidewiki)
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