Posted by guest , Oct 07, 2008 12:52PM

Is it possible that the one person identifies them and then passes the information along?

Posted by guest , Oct 07, 2008 12:52PM

that sounds about right. i also heard he has been on family leave for the past 5 years.

Posted by guest , Oct 07, 2008 12:53PM

you wall st dicknozzles wanted minimal regulation -- you got it.

Posted by guest , Oct 07, 2008 12:57PM

what do the other 3,499 people at the SEC do?

Posted by guest , Oct 07, 2008 12:58PM

I knew this already. I only paid off one guy.

--Lobbyist

Posted by guest , Oct 07, 2008 1:02PM

What the hell are the other 4900+ do with their time.....no damn wonder you can't get SEC to investigate anything.

Posted by guest , Oct 07, 2008 1:11PM

At least the SEC has 1 more risk management person than Lehman did....

Posted by guest , Oct 07, 2008 1:12PM

I smell a scapegoat in the making.

Posted by guest , Oct 07, 2008 1:16PM

one guy is WAAAAY too much:
BUSNSHRT Index MEMB

Posted by guest , Oct 07, 2008 1:20PM

That person is a shamwow/mayo guy

Posted by guest , Oct 07, 2008 1:28PM

Isn't that the guy in the basement with the red stapler?

Posted by guest , Oct 07, 2008 1:29PM

And that man hasn't been sober for thirty-six years.

Posted by guest , Oct 07, 2008 1:33PM

fuck it...

Cox is going to get castrated (figuratively not literally) along with the rest of the agency.

Posted by guest , Oct 07, 2008 1:40PM

The SEC are a bunch of washed up pikers

Posted by guest , Oct 07, 2008 1:41PM

rumor that mitsubishi is pullin out of MS 20% deal

Posted by guest , Oct 07, 2008 2:09PM

Where's bootleggin Joe Kennedy when you need him...

Posted by guest , Oct 07, 2008 4:24PM

At FunDamental, that was your boy TJ, not Abe, you fucktard

Posted by guest , Oct 07, 2008 4:30PM

About half of them.

Posted by guest , Oct 07, 2008 6:20PM

So that's what Christopher Cox does.

Posted by guest , Oct 09, 2008 3:16PM

Yeah and here's a transcript...

House Oversight Committee Hearing on AIG – 7th Oct 2008.
Excerpt between Rep. Peter Welsh (Democrat, Vermont) and Mr Lynn Turner (Chief Accountant, SEC. 1998–2001.)

Rep. Peter Welsh: Mr Turner… I think you said that the SEC Office of Risk Management was reduced to a staff, did you say of… ‘one’?

Lynn Turner: Yeah when that gentleman would go home at night he could turn the lights out. In February of this year we had gotten down to just one person at the SEC responsible for identifying the risk at all the institutions

Rep. Peter Welsh: So that included the 62 trillion dollar credit default swap…?

Lynn Turner: That’s correct.

Rep. Peter Welsh: And how did he do..?

Lynn Turner: Well I suppose he got the lights turned out, but he didn’t get the problems taken care of… [ ] …Yeah in all fairness to the SEC… the staff over there that I’ve dealt with over the years have been excellent. But when you only have one person, there’s no way on gods green earth that anyone, Chairman Cox, or anyone else, could even imagine that this person could do the job. When you cut it down to ‘one’, you know what your doing, you know that your basically saying were not gonna do the job.

Rep. Peter Welsh: Yes... was there a systematic depopulating of the regulatory force so that it was impossible actually for regulation to occur if you have one person in that office? ...and then I understand that 146 people were cut from the enforcement division of the SEC, is that what you also testified to?

Lynn Turner: Yes… Yeah, I think there has been a systematic gutting, or whatever you want to call it, of the agency and it’s capability through cutting back of staff.