A Quote by Mary Schapiro
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.
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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.
The basic architecture of Dodd-Frank makes sense. At the same time, as a number of regulators and legislators have observed, the act was a complex effort that produced thousands of pages of rules.
Dodd-Frank is 2,000 pages long. It covers thousands of rules, regulations, interpretations and things like that.
The banks lobbied Washington so they could write the rules that got us into this crisis. They then lobbied Washington to get the money to bail them out. And then they are lobbying Washington to write the rules so they can get us into the next crisis. It's perfect circularity.
I caution writers all the time to slow down and pay more attention to the work in front of them than to the end result. I don't think you write one book and get anywhere. I think you write five books and then maybe you are finally on the right path.
I`ve said this when I pass the trade promotion authority law, which allows us to get trade agreements. If we write the rules of the global economy, we will succeed in the 21st century. But we have to write those rules, we have to engage, and I think the president [Donald Trump] said Trans-Pacific Partnership is not the way to do it.
I didn't want to write a biographie romancee especially since I already write novels, nor did I want to challenge the rules of the biography game, arbitrary as those rules might be
I didn't want to write a biographie romancee especially since I already write novels, nor did I want to challenge the rules of the biography game, arbitrary as those rules might be.
I would write 100 jokes a day. Most of them were terrible. But I just said, 'I'll write more than everybody else, and that's how I'll get better.'
I'm a terrible sentence finisher. I think that's why I'm a songwriter. When you write a song, there are no rules, and I think that I talk as if there are no rules. But then I run this great risk of no one understanding me at all.
Like I say, I'm always writing and if something sticks, it sticks. I get to write with great songwriters in town. Lori McKenna is one of my all-time favorite singer-songwriters who's ever walked the planet. I get to write with her. The Warren Brothers are friends of mine and I write with them all the time. Lance Miller is a great songwriter. Tom Douglas - you can't get any better than that. I write a lot of stuff but it's got to stick.
Sometimes people say to me, “I want to write, but I have five kids, a full-time job, a wife who beats me, a tremendous debt to my parents,” and so on. I say to them, “There is no excuse. If you want to write, write. This is your life. You are responsible for it. You will not live forever. Don’t wait. Make the time now, even if it is ten minutes once a week."
Italian is a very different poetic situation and there are these hard and fast rhythmic periods, settenari, ottonari of seven and eight syllables. These are fundamental to the way people speak and write and breaking them is more radical in Italian than when we break a line. I'm sure there are Italian poets who want to write poetry as prose and break these Petrarchan rules. And breaking them is fun and a valid thing to do. But I'm more interested in trying to write poetry that absorbs tradition and uses it in new ways, and doesn't throw it out.
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.
Go where the pleasure is in your writing. Go where the pain is. Write the book you would like to read. Write the book you have been trying to find but have not found. But write. And remember, there are no rules for our profession. Ignore rules. Ignore what I say here if it doesn't help you. Do it your own way. Every writer knows fear and discouragement. Just write.The world is crying for new writing. It is crying for fresh and original voices and new characters and new stories. If you won't write the classics of tomorrow, well, we will not have any.
We have new rules that give shareholders the ability to vote on executive compensation. We have new rules for asset-backed securities. We have new rules around credit rating agencies.
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