Friday, September 16, 2011

Government Regulations hurt Investors more than they protect Employees

Peter Schiff on Fox Business explains that all his expansions plans of 2008 2009 had to be put on hold cause he cannot hire more people because of the ridiculous government regulations , " I do not even think e should have security regulations , I think the free market would be a much better regulator of conduct of brokerage firms than these regulations are , I think the regulations end up hurting investors and not helping them " says Peter Schiff


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Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.