First and foremost ....one must be clear on what the SEC is.... The SEC is the stepping stone for lawyers that want to progress to high paying legal firms that have become a devasting cost to productivity and thus US competitiveness..... Nothing more .....nothing less.... The SEC does not pay well.....but the economic home run is when one has paid their dues in the SEC....and thus graduates so to speak.....which thereafter reap absolute economic hell against innovation and productivity..... Both the IRS and the SEC should be immediately eliminated.... Individuals and their businesses stand to lose every moment of their time and money building businesses at their very whims just on legal fees alone.... Innovation and progress collapse because of these groups.... They must be eliminated and replaced by organizations that are relevent and promote innovation and progress. The IRS and SEC are two heinous US diseases, worse than prostate cancer.....Their business is on both sides of the aisle....and is a continual musical chair....wink...wink wink ...wink....business.....
many times they are true. The Miscreants are very good at what they do. But, as in PB's blog, it's illegal what they do with possession of inside information. If I think you're a perv, maybe I'm right, but would you be a little miffed if I stapled posters up and down your street?
<i>"The SEC does not pay well..."</i> Awww... the poor souls aren't paid well for all their fine work? They've looted a 7-figure truckload of SEC fees from my accounts over the years, but I suppose I should do the right thing and send them a few hundred grand extra for Christmas this year. Poor guys are probably forced to drive around in last year's BMW models, and settle for 4-diamond rated girls from Emperor's Club VIP every week. <i>The IRS and SEC are two heinous US diseases, worse than prostate cancer... </i> Agreed... but instead of disbanding the diseased federal agencies, I think our rulers would be far more likely to create more new ones instead. For instance, perhaps the gov't should confiscate another few hundred billion dollars from our paychecks and use it to fund a new armed para-military regulatory agency: The Food Enforcement Agency. After all, overeating (or 'food abuse') is the cause of many severe medical problems. The FEA could regulate the nation's food industry with an iron fist, 'scheduling' (banning) unhealthy foods, and carting off all the prohibition violators to prison camps at gunpoint. For instance, French fry traffickers would receive a mandatory minimum ten year prison sentence. I think this would really help solve America's obesity epidemic, just like how the DEA has successfully stamped out illegal drug use.
Ya know, if you follow some gov't programs from thier inception to where the policies have totally mucked up the works and back to how they propose to undo the damage they have done. It seems to be a comedy of one govt error replaced with another. At one time we taught nutrition in schools and had phsy ed. They cut out the phsy ed and put in vending machines. I saw a program the other day, maybe on you tube, the school cafeteria's cook nothing. They reheat bags of instant nothing and put in on the menu. Ha and the fatties might get hurt on a monkey bar or a teetor totter.
this is such a joke. The SEC is investigating this? So now Freedom of Speech is against the law. What the other guy said is right what about investigating ALL those 'buyout' rumors last year that happen in every bull market? Or investigating bogus accounting that EVERY wall st firm uses? Or the specialists who scammed everyone in the old system? Or stock manipulation? Or CEOs dumping thier stock before it tanks (like Mozillo). Need I go on? SEC is a joke, way to be late to the party. Idiots.
You, good sir, have just made me expel my cola through my nose in a fit of intense laughter.....It burns like hell, but DAMN that was funny.....Bravo, i say, bravo
Nah, they were designed to pull naive retail investors into soon to be bankrupt stocks like CFC and BSC so that Wall St could dump their stock on them, with LEH we are talking about rumours that threaten one of the Wall St institutions that the SEC looks out for (all in the spirit of the 1934 act).