The SEC, fresh off an impressively long stretch of missing virtually everything they were supposed to catch, is ramping up its efforts to become a remotely credible regulator. After being publicly humiliated by the widespread ineptitude of missing the Madoff fraud as well as its own insider trading scandal, the new SEC Chairman, Mary Schapiro, is determined to create a new kind of SEC.
I wanted to be very clear almost from my first day — not just with words, which are pretty easy to string together, but with actions — that this is a new SEC that is moving in a decidedly different direction and at a decidedly different pace,
Given the rhetoric coming out of Washington regarding evil speculators, it should come as no surprise that hedge funds, derivatives, and short-selling are three of the primary targets in the SEC’s cross hairs. Schapiro clearly has a huge uphill battle ahead of her. She is head of an organization where people still take issue with categorizing the Madoff miss as a failure. Effective regulation can help markets avoid the meltdowns we saw last year, but the risk of the SEC becoming over zealous to restore its image looms large.
SEC Chief Strives To Rebuild Regulator [Washington Post]
Too much cogent analysis for DealBreaker, or did I accidently click the DealBook link?
I would rather watch an endless loop of that irritating Above the Law ad than read another post written by Greg.
@1 The word cookie cutter popped into my mind. Is there anything in there which is remotely insightful and not obvious?
Dear Bess, you have spoiled us all.
Why do I have to put a condom on to read the comments?
“How’s your portfolio look Greg?”
“I’d say strong…to quite strong…”
“Greg’s a male nurse”
Greg you say:
“She is head of an organization where people still take issue with categorizing the Madoff miss as a failure. ”
Can you say how many of those people STILL work at the SEC? Names will also be of great help.
Thanks in advance.
This reads like a “current events” homework assignment written by the douchiest kid in your high school business class. Greg, we don’t need you to regurgitate and summarize CNBC and WSJ articles for us
Greg,
Please come home, your father didnt mean it when he said you were a “constant embarassment” or that you were an “abject and utter failure”.
From your favorite “leafy, snobby suburb”,
Mommy
Greg, did your parents have any children that lived?
“not just with words, which are pretty easy to string together (unless you’re name is Greg)”
What? SEC for iTunes? Yeah, that’ll work.
I have one word for you, ‘ANUS’.
EP’s rant just made life for the Gregster a whole lot worse.
You people should be ashamed of yourselves!!! Leave the poor guy alone …
This kind of behavior is why Dealbreaker can never get a new writer to stay. You day you care about EP and Bess yet you criticize anyone stepping in to take some of the workload. You are such taskmasters, you want to work them to the bone.
@7: QFT.
Greg RN, heed 7′s advice. No one comes to DB for this shit.
@14 said “This kind of behavior is why Dealbreaker can never get a new writer to stay.” who left? Carney after two years?
Gregory and his husband Jean Girard just want what any couple wants. To retire to Stockholm and develop a currency for dogs and cats to use.
wasn’t ther someone named William? Wasn’t even thinking of Carey.
@16
Dan Harrison (because he was freaking horrible), Keith Hahn (for reasons still unbeknownst to us all), maybe one or two more I’m missing
@analyst- harrison was fired because (which you seem to have noted), he sucked. and kh was much loved, so it’s doubtful he quit one day not being able to take the heat any longer.
WOFT
@3
1 here. yes. Cookie Cutter is a better way to say it. Sounds like how it would get discussed in intro to finance.
david carradine killed himself in bangkok because he couldn’t take any more awful, boring posts by greg michaels
hey george…please explain
“She is head of an organization where people still take issue with categorizing the Madoff miss as a failure.”
are you saying it is now wrong to categorize Madoff miss as a failure? or why take issue … sorry … like most of your crap writing … “i don’t get it”
@24 it’s greg, not george, you dunce. do you realize who you’re speaking to? greg michaels single-handedly wrung every penny out of the ultrashort financial ETF market at the height of the crisis.
@23 FTW
typical warm db welcome
-failed merrill retail broker (FMRB)
@14 indeed i would like bess and EP to work for my bone
@8 FTW
Many thanks for that tip Allaedin, will try it on my blog )