Tuesday, November 12, 2013

Obamacare and Other Colloquialisms - Obamadvice?

I see that:

- on the heels of the passage of the House bill* that would effectively put a hold on the DOL's reproposal of the fiduciary (investment advice) regulations pending certain SEC action,

- which itself was on the heels of the 10-Senator letter - from Democratic senators, no less - to the OMB suggesting that the DOL "should not issue final regulations in the area until the SEC has completed its work" and stating further "that any regulation the DOL ultimately may propose should be carefully crafted so that it does not upend the SEC's work", . . .

. . . there have been reports and other indications that the DOL will not be reproposing the regulation until Spring 2014, at the very earliest.

Well, THIS is sure going smoothly, huh?  In honor of other recent initiatives that have gone so smoothly, dare I try to coin the phrase, "Obamadvice"?  That's all, for now . . .

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*  The Retail Investor Protection Act, or R.I.P. Act?!?!?  Really?  Seriously?  Are they trying to handicap the likelihood of the regulation's ultimately having any life?  I wonder if I should start watching The Walking Dead for references to these regulations.

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