Despite Mr. Chopra's inappropriate attempt to stay on as Director of the CFPB, his resignation letter was largely graceful. However, his boast that the CFPB, under his leadership had "implemented dormant legal authorities," is both revealing and absurd. It would be equally fair to say that the CFPB under Mr. Chopra's leadership had invented and arrogated to itself legal authorities not given to it by statute—which would be, at least on one issue, the position of the federal court. (See, )…

The formation of the Senate Committee on Corporate Governance, which will likely focus on the proxy process, is consistent with SEC Commissioner Peirce's as to the need to refocus not only the SEC, but also public companies on their core mission, which in the case of public companies, should be serving the interests of their shareholders.

The SEC should agree to a reasonable delay of at least a year. Otherwise, if (or when) the market for US Governments struggles, the current SEC would take the blame for a failure created by its predecessor.

The most significant aspect of the request is that the associations ask only for a delay of the implementation of the clearing rule, not for its reversal. Perhaps this demonstrates one attitude toward rulemaking: even if a rule is of uncertain value, once enough resources have been…

Commissioner Peirce's statement is consistent with the mantra commonly identified with the man long admired as one of the great philosophers and leaders of our time: .

During the past administration, financial regulators have had their attention diverted from their core congressionally mandated missions to a host of social and political causes, for which they have neither authority nor competence. The result is that these regulators have failed to do their jobs or effectively…