The article looks more closely at the regulation of the equity markets and the way it affects the world equity culture.
But with no regulation of complex equity release schemes targeted at one of the most vulnerable groups in society there is growing concern over the potential for a repeat of the mis-selling many pensioners suffered over home income plans in the late 80s and more recent shared appreciation mortgages (Sams).
Ogilvy reports lobbying the Treasury Department, the Securities Exchange Commission, and the Commodity Futures Trading Commission on the regulation of derivatives, private equity, and FDIC financial institution rules.
The film, by Robert Greenwald, drafts Kravis as the new Grinch, and it argues for more regulation of the private-equity industry, juxtaposing images of Kravis's lavish life style (houses on Park Avenue and in Palm Beach and the Dominican Republic) and advantages (the fifteen-per-cent tax rate on capital gains) with commentary by ordinary Americans.
Politicians have already recognised the damage that regulation can do to the vibrancy of equity markets: hence the looser listing requirements for "emerging growth companies" (Twitter among them) under the year-old JOBS act.
To catch up with the Americans may require not just abolition of such regulations, but also a closer integration of equity markets across Europe.The third thing that is pushing Europe's stock exchanges together, inevitably, is competition.
He also has argued for strengthened federal regulation of "shadow banks" like private equity funds and mutual funds that function like banks but are not subject to the same rules or oversight.
No amount of regulation will make equity investing a risk-free endeavor.
Joe DeVries, an Oakland city administrator and staff contact for the Cannabis Regulatory Commission, told VICE over the phone that Brooks brought up the issue of equity while drafting the license and regulation laws last summer.
The commission has proposed heavy-handed regulation of hedge funds and private-equity firms.
