{"id":2856,"date":"2011-04-17T17:33:18","date_gmt":"2011-04-18T01:33:18","guid":{"rendered":"http:\/\/hodakvalue.com\/blog\/?p=2856"},"modified":"2011-04-17T17:33:18","modified_gmt":"2011-04-18T01:33:18","slug":"the-sec-declined-to-comment","status":"publish","type":"post","link":"http:\/\/hodakvalue.com\/blog\/the-sec-declined-to-comment\/","title":{"rendered":"The SEC declined to comment"},"content":{"rendered":"

And why should they?\u00a0 They didn’t write Dodd-Frank.\u00a0 But they did lobby relentlessly for greater regulation of, and therefore greater control over, hedge funds.\u00a0 Which led to this<\/a>:<\/p>\n

Jamie Nash, a hedge-fund lawyer in New York, said some start-up managers are nervous that they won’t be able to build an operations or compliance system that meets the SEC’s expectations.<\/em><\/p>\n

The regulations “are erecting barriers to entry,” Mr. Nash said. “That is going to cause consolidation in the industry of smaller managers into larger managers who have the infrastructure and can afford this.”<\/em><\/p>\n

A spokesman for the SEC declined to comment.<\/em><\/p><\/blockquote>\n

So, the government decided it had to increase regulations the one part of the financial services sector–hedge funds–that had nothing to do with the financial crisis<\/a>.\u00a0 And because the government felt compelled to spend gobs of taxpayer cash to bail out financial institution that were too big to fail, Congress created a raft of regulations<\/a> whose main effect will be to crush entrepreneurship and compel waves of consolidation.<\/p>\n

And the people who pushed for this regulation, who inadvertently insisted that the fixed costs of doing business in America are not yet high enough, will be shocked to find that only the big survive.\u00a0 They likely will blame the big companies for the lack of real competition, or they will blame capitalism.\u00a0 They may even blame the economics profession or discipline<\/a> itself.<\/p>\n","protected":false},"excerpt":{"rendered":"

And why should they?\u00a0 They didn’t write Dodd-Frank.\u00a0 But they did lobby relentlessly for greater regulation of, and therefore greater control over, hedge funds.\u00a0 Which led to this: Jamie Nash, a hedge-fund lawyer in New York, said some start-up managers are nervous that they won’t be able to build an operations or compliance system that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-2856","post","type-post","status-publish","format-standard","hentry","category-unintended-consequences"],"_links":{"self":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/2856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/comments?post=2856"}],"version-history":[{"count":1,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/2856\/revisions"}],"predecessor-version":[{"id":2857,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/2856\/revisions\/2857"}],"wp:attachment":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/media?parent=2856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/categories?post=2856"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/tags?post=2856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}