As I do with frequent - some say annoying - regularity in this space, I have made my position quite clear on my confidence level about the government being able to run anything efficiently, let alone without an accompanying sea of red ink. If they were to suddenly privatize and become the sole suppliers of central air conditioning units in Phoenix, they would go broke. A government-sponsored study to determine whether McDonald's sells hamburgers would probably take years to complete.Well, you get my point.
It seems a conservative Washington insider and member of the free-market think tank the American Enterprise Institute has called for House lawmakers to dismantle the toddler-age Public Company Accounting Oversight Board and basically hand the job over to the Securities and Exchange Commission, like some bureaucratic baton.
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