Jeffrey Tucker on why Government Hates your Lawn!
Welcome to Capital Account. You may have seen the allegations that Wal-Mart paid millions of dollars in bribes to public officials in Mexico in order to do business there. Now Mexico's attorney general is reportedly investigating. But is it possible that in this case, the largest retailer in the world is really the victim of extortion? Jeffrey Tucker, executive editor of Laissez Fair Books.
And more than 20 senators advocating the Volcker Rule sent a letter to regulators this week urging them to get the rule done by this summer as they were originally supposed to, despite the reportedly fierce industry opposition. Also, trying to lobby against the big banks desires are members of Occupy the SEC. Lauren caught up with them for an update earlier in the week.
Last but not least, what is this? We should beware lawnmowers? We'll tell you what the federal government has done to crack down on this dangerous machine. Let's just say when it comes to regulation, the grass isn't always greener on the other side…