Tag Archive | SEC
Financial Regulators Crush Small Fry and Feed Big Whales
The Securities and Exchange Commission has taken the decades-old, stereotypical criticism of useless federal government regulators and owned it. Time and time again the agency has chosen not to enforce rules against the most powerful institutions, has turned a blind eye as the institutions continue fraudulent behavior and has codified the injustice of an economically-elite […]
Mortgage Fraud Task Force PR Campaign
Why the noisy public relations campaign for the mortgage fraud task force? Thankfully, main street has not stopped demanding accountability. As Politico reports, Members of the liberal activist group CREDO Action have made more than 3,000 calls since March to the White House and Obama’s Chicago campaign headquarters urging the administration to assign more investigators […]
SEC = SELLOUT of our ECONOMY COMMISSION
UPDATE: Bloomberg reported today that the U.S. Securities and Exchange Commission issued an internal agency memo stating, “The staff has concluded its investigation and determined that charges will likely not be recommended.” It appears the SEC determined Lehman had questionable conduct, but not illegal conduct in respect to the now infamous REPO 105 transactions. “The […]
Capitalism Died & We Got TBTF – Regulation Version
The Volcker Rule of the Dodd-Frank bill is scheduled to go into effect on July 21,2012, although almost no one believes that the federal agencies will have finalized the necessary rules prior to that time. This much debated legislation still hasn’t been finalized over two and a half years after a public endorsement by President […]
Throw Them All Out!
Profiting on insider trading is not illegal and pending legislation to make it illegal won’t stop it! The fact that our legislators are brazen enough to personally profit through stock market trades on legal maneuvering they themselves are creating and voting on is immoral enough, but to learn that this behavior is […]
