A Quote by Mary Schapiro
Under the Dodd-Frank law, the SEC got the lion's share of the rules to write, more than 100 rules, and we have done an extraordinary amount of that. Eighty percent have been either proposed or adopted. So, a lot, a lot accomplished but of course, more to do.
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The SEC got more than 100 rules to write under Dodd-Frank, the lion's share of all the agencies. And we've moved, I think, with a tremendous sense of urgency. But it takes a long time to write rules and get them approved by a five-member commission.
The rules that I adhere to are the rules of minimalism. And those rules kind of force writing to be more filmic... to have the immediacy and accessibility of film so that the reader really has to fill in a lot of the details.
Three Rules for Literary Success: 1. Read a lot.
2. Write a lot. 3. Read a lot more, write a lot more.
A dramatic spending increase to fund the SEC and the CFTC, as envisioned by the authors of the Dodd-Frank legislation, would further the mindset that our nation's problems can be solved with more spending, not more efficiency.
There's a lot of talk coming from Citigroup about how Dodd-Frank isn't perfect. Let me say this to anyone who is listening at Citi: I agree with you. Dodd-Frank isn't perfect. It should have broken you into pieces.
We have a lot of work to do, but we can get there if we work together. Women are more than 50 percent of the population and more than 50 percent of voters. We must demand that we all receive 100 percent of the opportunities.
Certainly, some of the anti-bank rhetoric has shifted a little bit, but on either side of the aisle, there seems to be different tacts. On one side of the aisle, you see a proposed scaling back of Dodd-Frank. On the other, a proposed reinstatement of Glass-Steagall.
Well, I've been acting for 50 years now, professionally. I've been acting a lot longer. My mother reckons I was acting when I got out of the womb. But because I've been working in the theater, I've probably only done about 25 movies but I've done more than 100 plays.
My dad has seen and done a lot. He comes from the hippie era where music and living life to the fullest is more important than stability and playing by the rules.
Marla [from Rules Don't Apply] especially, believed that she has a certain set of rules that she had to abide by, in order to be successful in Hollywood. How she acted, how she approached things and even in her relationship with her mother - there were a lot more rules and regulations expected of ambitious women, even before they got into the door.
Dodd-Frank is 2,000 pages long. It covers thousands of rules, regulations, interpretations and things like that.
I'm an untrained musician. Untrained musicians don't really have any music theory, they don't have a lot of rules. We break the rules, but it's mostly because we don't know what the rules are. It's easy for us to go to certain places, so I'm not surprised that a lot of people were amused by my songwriting style.
I have a slight controversy with the Dogme brethren because I've been saying that rules are to be interpreted; not that I haven't followed the rules, because I don't see the point of submitting yourself to a set of rules if you don't follow them. But having said that, it is always a lot of interpretation.
I've done a lot. I've done more than any other president in the first 100 days and I think the first 100 days is an artificial barrier. And I'm scheduled ... the foundations have been set to do some great things.
The greatest threat we've had to economic growth has been that those in industry don't know what is expected of them. Rules come that are outside of statutes. Rules get changed midway. It creates vast uncertainty and paralysis, and re-establishing a vigorous commitment to rule of law is going to help a lot.
More than ambition, more than ability, it is rules that limit contribution; rules are the lowest common denominator of human behavior. They are a substitute for rational thought.
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