Too much bureaucracy
Cry Wolf Quotes
The real worry is that these new rules and regulations do not create a risk factor or a timidity that is so severe that... they sit on the sidelines worrying more about rules and regulations than they do about making money .. If we have to go to a book keeping system as opposed to an accounting system then we're going to strangle the American enterprise system.
I am sure that there is no one here who would wish to increase the margin of safety in our dust standards so far beyond the point at which employee health is adequately protected that, as a consequence, we deprive of their means of livelihood the very persons whom we are trying to benefit. This would be an action foolish as it is absurd.
The Securities Act of 1933 created a serious obstacle to recovery, through its drastic regulation of the issuance of new securities by private enterprise. The Banking Act of 1933 created an additional impediment through the provisions of Section 16 prohibiting the national banks from participating in underwriting securities after June 16, 1934.
Some of those things are well founded. Some are just crazy….[you have to] dress up like Darth Vader whenever you see a patient.
