My suggestions: first, that when the government sues an individual or firm and loses in court or before a regulatory tribunal, the government reimburse its target’s legal expenses to the extent not covered by insurance (just as we, as taxpayers, already foot the government’s bills); and second, that in cases like mine, once the dust has settled and the jockeying for position has ended, the government show its hand privately to its target and demonstrate why it thought it had a case to begin with.
via Leon Cooperman: Two changes that could help fix the regulatory process.
