Page 16 - Rule Making Process News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> volcker rule. >> just on the volcker rule. i think we saw more public letters on the volcker rule than we see in the rule making process. that's just the letters. after the letters you see the industry going in and like a -- you know, drip, drip, drip water torture almost. where the regulators, i think, no longer know -- am i thinking this? is that what the base wants me to think? they are always arguing their case and we at occupy sec we are volunteers. not paid to do this. we can go down there and we can -- advocate for the public but -- we are fighting against massive financial lobbyist....

Have no transparency in the over the counter market. $700 trillion. that's going to change over time with the dodd-frank and other financial reform being put in place. we're going to get to a point where we have accountability and oversight. but what has to happen is the administration is push on financial reform and the rule-making process. then they will get to an a. >> you gave them a road map and a grade. thank you, dennis. straight ahead, we're going to take time out for march madness. you'll want to hear the numbers. my mother froze everything.

Stop it or stymie it through the regulatory process. which brings me to the answer to your question. i find efforts to say let's go to omb, one, gratuitous, because we already do the cost benefit unless which is a piece of the regulatory rule making process and, two, i think it's really puzzling, because we are an independent agency, guys, and that's really has a lot of value. and whether or not it's a republican president or a democrat president, we shouldn't be whipsawed as an independent agency by going to their office of management and budget and being told what to do. it could actually po...

There are now going to be additional rules for blowout preventers. the rule making process is going to start in the next few months which would seem to be an acknowledgement that the standards now are too lax an they need to get tougher. if so, why give out permits now before the new rules are in place? >> you can always improve the equipment that's being used but that doesn't mean that you bring activities to a standstill until you can enhance those rules. i understand you've used the air bag metaphor in some of your program on this. for a long time air bags could not deal with side impacts. ...

Two days ago told reporters there are now going to be additional rules for blowout preventers. the rule making process is going to start in the next few months which would seem to be an acknowledgement that the standards now are too lax an they need to get tougher. if so, why give out permits now before the new rules are in place? >> you can always improve the equipment that's being used but that doesn't mean that you bring activities to a standstill until you can enhance those rules. i understand you've used the air bag metaphor in some of your program on this. for a long time air bags could ...