The direction the “new SEC” is heading is becoming clearer and clearer. Instead of asserting itself as the protector of legitimate financial markets, the SEC appears content to simply act as toll booth collector for those who play fast and loose with the law. This week alone has demonstrated the new motto of ‘settle and move on’ is firmly entrenched in Mary Schapiro’s troops. Between Hank Greenberg’s $15 million and BAC’s $33 million parking tickets, the agency is making it crystal clear that it has taken a page out of the government’s auto industry playbook and has turned itself into a pre-packaged settlement factory. Far from preventing fraud, the SEC is providing price discovery for those looking to engage in it.
SEC Settlement Tactic Raises Questions [WSJ]
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
you lost me at “new SEC”
zzzzzzzzzzzzzzzzzzzzzz
“Far from preventing fraud, the SEC is providing price discovery for those looking to engage in it.”
Greg – I actually liked this. Seriously.
Not Greg’s Mom, nor his Estranged Father
Greg,
Leroy, Latrell and Kwame are gunna kick yo cracka ass when you get home for writin this shit.
Leroy, Latrell and Kwame
Behold the return of the douchey clip-art! Bad ol’ Greg is back.
This is nothing new. That’s always the way the SEC operates when the case is not a criminal matter. When its criminal, it goes to the FBI. How old are you Greg?
Greg,
Leroy, Latrell and Kwame sound pissed if I were you I’d pick up 2 cartons of Kool 100s on your way home to appease them.
-Concerned 3rd Party
“B” is for the bleach upon your anus
“L” is for the looseness of your mom
“A” is for the anger you elicit
“N” is for the nutsack on your chin
“U” is for the underpants you stain
“S” is for the scrotum on your chin
Greg – this was actually original commentary and criticism. Some more humor and you’d have a nice little piece here. Maybe some comments on Schapiro wearing Brut for Men, losing her hair from testosterone treatments, or similar…keep plugging away little fella.
Greg,
We ate all yo leftovers yo moms left in the fridge. Pick us up some OEs on your way home, cracka, we’s thersty. And don’t worry about yo mom, Kwame got shorty in the jacuzzi.
Latrell aka Old Dirt McGirt
SEC Haiku
**************
If we were watching
You would still have your pension
We fucked up big time
@7 very, very extraordinary
A grand total of 1 comment was NOT Greg-bashing.
Just sayin, Greg.
@7 ftw, maybe ftw of the day.
@10 -
No “twat”. Please revise and repost.
@9… FTW ! “got shorty in the jacuzzi”!
Damn, Greg, I don’t envy your home life one bit. Sheesh.
Boobies… still waiting
- the MCS
don’t forget GE’s $50mm on the QT.
For a brief moment, I thought the title read “The SEC Clarifies Its Hole”.