June 28, 2012
Dear Sirs:
I am greatly concerned about the consequences of the JOBS act.
I believe the one thing US capital markets have demonstrated unequivically in the last decade is the need for imparial oversight. Left unattended the markets do not do the "right thing". Capital does not automatically go where it is best utilized to provide optimal goods and services for the betterment of society. Instead if is often assiduously applied to counter economic growth and well being. Hedge funds are notorious for this type of behavior. Any one who is a student of the housing bust of 2008 knows this to be true.
Anyone who is aware of how much of the "demand" for oil futures is by made by entities who have no intention of taking delivery of product should know this to be true. I am an individual investor. I make my living from investing and have done since 2003. I have survived all of the upheaval the capital markets have been subjected to since 2000. The financail markets are a jungle populated with predators. Take the rose colored glasses off and wake up. People need to be policed. Failure to do results in anarchy.
SteveK