Top 7 Questions for State Attorneys Generals Protecting the Consumer from Fraud?
By: Lance Winslow
There is a big debate out there as whether the States Attorneys Generals actually help consumers and investors from fraud. If a company makes an error in a disclosure document, form or filing, is it automatically fraud? Or simply a mistake in a sea of over regulation and impossible stipulations that we know are stifling free-enterprise.
When an Attorney General files a lawsuit on a company and that company is made to pay, then those extortion fines are in fact passed on to future consumers and therefore who did it really help? We know it helps Attorney Generals with political aspirations pad their resumes to run for higher office, yet who does this really serve?
Some say if the Attorneys General does not serve the taxpayer then that; “Attorney general is not going to make an effort to check to see if there is a problem, eliminate the position.” And others say;
Well, the Attorneys General is busy with other things I suppose and remember it is a VERY political position too. Well they are Lawyers and Lawyers are paid to lie, that is their job! That is why so many run for political office. But alas are they are too busy commandeering the plastic shovels and telling the teacher they need next years budget for more plastic shovels and Sand Castle plastic molds.
One has to ask these questions and wonder with all these issues, surely we can do a better job in our government to protect the consumer and not harass the business community. Otherwise we really do not need these folks in our government, as they serve no interests but their own. Consider all this in 2006 and the flip side, what would happen if they were eliminated and did not exist?
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