Matt Taibbi on why the JOBS Act 'couldn't suck worse'
(NEWSER) - Did you enjoy the dot-com bubble? Well, expect a replay on an even bigger scale, because last week President Obama signed a bill that, according to Matt Taibbi of Rolling Stone , "will very nearly legalize fraud in the stock market." The JOBS Act is ostensibly designed to make it easier for startups, particularly tech companies, to raise money, but it's actually a "sweeping piece of deregulation" that "appears to have been specifically written to encourage fraud." More»
