PrintMay 22, 2010
The Speaker Who Won't Speak with the People
Everywhere we turn, we stumble over Nancy Pelosi. Or rather, we stumble over the micro-regulations Nancy Pelosi adores. These regulations are vast new bureaucratic steps that exact compliance in the most everyday of transactions.In my case, I stumbled over the Speaker as I converted a pre-tax retirement account to an IRA -- essentially transferring money from one bank account to another bank account. What could be simpler for a constituent (as I am) of the all-powerful Nancy Pelosi?Ah, would that it were so. Unlike common bank transactions from, say, savings to checking, where an online click or a telephone call to customer service is all it takes, federally regulated retirement accounts require an application to control. Keep that word in mind. Applications by their nature are subject to review, and may be rejected.It turns out that this particular application to manage my federally restricted bank account requires a Guaranteed Signature, which is like a notary on steroids -- and...(Read Full Article)
