Arthur Levitt Quotes
No longer will you [individuals] be second class citizens to institutional interests.
Arthur Levitt, Chairman, Securities and Exchange Commission, Speech, Individual Investors and Securities Regulation, Arch Street Meeting House, Philadelphia, January 19, 2001
Sourced by: Eigen's Political and Historical Quotations
Commenting on allowing gays to serve in the military:
AEI, though a conservative think-tank, with this approach departed far from the then current Republican Party that was highly influenced or even controlled by the Tea Party faction.
At the time all the Australian political parties were supporting a White Only immigration policy. Lambrick, who sometimes used the name Hypatia, started the race policy debate in the Socialist Party by this line in a Socialist Journal.
There were few if any consumer protection laws in those days and many wealthy aristocrats made their money by taking advantage of the poor. They were the landowners, bankers, financiers and often the industrialists. Shaw was a sarcastic social critic and this is a typical line he gave his upper class characters. Today, we have more controls on business and finance, and many wealthy business people have gotten that way by providing great value to the consumers and being honest. However, we still have large numbers of wealthy members of society who do make their money from the poor and middle class by unethical and often illegal means. In the aftermath of the Meltdown of 2008. hundreds of thousands of the homes of the working poor and middle class were foreclosed by the major banks forging the legal documentation for the foreclusures. Millions of consumer contracts are issued that even a PhD cannot understand the terms of without special legal and financial training. There is even a legal definition of a salesperson lying to make a sale which is so commonplace that our law excuses it and calls it "puffing". However, there has been over time, improvement over Shaw's era.
Arthur Levitt Jr. is the former Chairman of the United States Securities and Exchange Commission (SEC). He served from 1993 to 2001 as the twenty-fifth and longest-serving chairman of the commission. Widely hailed as a champion of the individual investor, he has been criticized for not pushing for tougher accounting rules. Since May 2001 he has been employed as a senior adviser at the Carlyle Group. Levitt previously served as a policy advisor to Goldman Sachs and is a Director of Bloomberg LP, parent of Bloomberg News.