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The SEC’s Fate Under Obama Administration

By now you’ve read thousands of articles speculating on what an Obama Administration will mean for the world, for America, and for your business. These pundits (including us) have viewed President-elect Obama as the creative architect, and everyone is trying to sneak a peek at his plans.

We’d like to suggest, however, that after you’re done gawking at the fancy new governmental policies and programs—the trillion-dollar stimulus package, the plans to green our energy usage, and so forth—you should pay attention to the boring stuff as well. You want to be sure that what engineers call “the mechanicals”—the heating, electrical, plumbing—actually work, and work well. More than anything else, they may tell the tale of the new administration over time. They will determine the quality of execution of the new programs, which will have as much to do with the Obama Administration’s success as the philosophy behind them.

Enforcement is one of...

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