Republicans Fighting for Bad Market Practices
Mar 7th, 2010 Originally Posted by Zachary Shahan
Republicans are supposed to be more of the “let the market take care of things” people. However, when it comes to an issue they don’t want to address at all, some of them are apparently even willing to make an attack on the financial market.
A key to a well-functioning market is the availability and sharing of information. It is one of the most basic and important assumptions behind market-driven policies.
Due to the impending (and already beginning) effects of climate change on our world, the Securities and Exchange Commission (SEC) recently decided that companies “must consider the effects of global warming and efforts to curb climate change when disclosing business risks to investors.”
However, at least one Republican in Congress is going out of his way (..well, has written a two-sentence bill) to try to stop this from happening.