The Waters Cooler: A little crime never hurt nobody

Do you guys remember that 2006 Pitchfork review of Shine On by Jet?

“This Chevron stuff is so silly,” a contact texted. “These companies think they now have a magic ace card.”

She had just read our story published yesterday about the Consolidated Audit Trail, aka the CAT, which may be in peril following the US Supreme Court’s striking down of the Chevron deference, a legal precedent that had allowed government agencies to interpret Congressional legislation when it came to regulating their specific sectors for the last 40 years.

“Well, they kinda do,” I replied.

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Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T

Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.

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