So now we'll have to get the SEC's permission to start a business?

Somebody explain to me how this is not a further takeover of the private sector: If Obama gets his way, anyone wanting to start up a new company will first have to submit a business plan to the SEC, including complete information on them, their investors, etc. Then, only after the SEC approves the plan, will that person be allowed to start that business. How can anyone but a hard-core socialist/Marxist think this is a good idea? Is this why Clinton took those common sense restrictions off the lending industry, so things could deteriorate and the Liberals could impose this kind of government control over the private sector? Because that's how we got into this mess, Democrat policies of "spread the wealth", "be fair", "everybody deserves to own a house". Spare me the "Bush did it/Wall Street is evil/we need to be protected" dogma. This isn't about predatory Wall Street stock market manipulators, this is about ordinary people who just want to start small businesses doing innovative things; the kind of businesses that provide a great deal of the jobs in this country.