Recently, President Obama signed the abomination of a bill known as the JOBS Act into law. The Act is supposed to help small business owners have access to capital to expand or start their businesses and stimulate the economy. But, thanks to Republican meddling, almost all oversight and regulatory statutes were removed from the Act before it was signed into law, leaving the door wide open for financial fraud. Mike Papantonio talks about what we might expect as a result of this JOBS Act with attorney James Kauffman who specializes in financial fraud litigation.
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