schapiro.jpgOur fave porn-loving regulators are taking a stab, yet again, at short selling, considering measures to curb it “soon.” But while one can only laud Mary Schapiro’s effort to sugar coat the proposal, she’s not helping the SEC regain any kind of respectability and seriousness, and at this point, Mary might want to consider a lesson or two from Lucas van P.
This is what she had to say, and if someone can translate, please stand up: “It is difficult to connect the dots and ferret out wrongdoing as trading activity frequently occurs across various markets and each market is only able to readily see trading activity conducted in their own market.”

Comments (35)

  1. Posted by guest | February 5, 2010 at 11:18 AM

    Is there any type of competency test for this job?

  2. Posted by NakedShort | February 5, 2010 at 11:22 AM

    @1 Yes. Series 6.

  3. Posted by guest | February 5, 2010 at 11:34 AM

    What was complicated about that sentence?

  4. Posted by guest | February 5, 2010 at 11:35 AM

    She’s so sensy.

  5. Posted by guest | February 5, 2010 at 11:36 AM

    “It’s difficult and we’re not smart enough to do it.”

  6. Posted by guest | February 5, 2010 at 11:37 AM

    What was complicated about that sentence?

  7. Posted by guest | February 5, 2010 at 11:40 AM

    What was complicated about that sentence?

  8. Posted by volatilitysmile | February 5, 2010 at 11:40 AM

    she ain’t speaking the tongue of l.o.v.e to me, pass.
    (I dare not compare to the unmentionable for fear of slander lawsuit, but it would not be a hard chice to convert to mr. pink’s religion if I had to choose between these two).

  9. Posted by Sluggard Haste | February 5, 2010 at 11:41 AM

    Translation: Expand my reach and fund electronic surveillance over all markets to catch abuse. Then I will cross reference violations with our donor lists and determine how to proceed on a case by case basis.

  10. Posted by guest | February 5, 2010 at 11:45 AM

    I suppose that sentence is difficult to understand if you don’t understand how trading works.

  11. Posted by Anal_yst | February 5, 2010 at 11:48 AM

    1. Is it me or does she look like she may have actually been f*ckable at some point?
    2. Apparently the SEC only tracks NYSE activity or something?

  12. Posted by guest | February 5, 2010 at 11:50 AM

    She needs to keep her pimp hand strong, we wouldn’t be having these problems then.

  13. Posted by guest | February 5, 2010 at 11:54 AM

    2nd @4 and @9.

  14. Posted by guest | February 5, 2010 at 12:22 PM

    I think what she meant was: It is hard to identify wrongdoing as trading activity frequently occurs across various markets and each market is only able to readily see trading activity conducted in their own market.
    Is that better? I know, those ferrets and dots can be wily

  15. Posted by guest | February 5, 2010 at 12:38 PM

    Soft background lighting can work wonders.

  16. Posted by guest | February 5, 2010 at 5:27 PM

    @9 Well said sir

  17. Posted by guest | February 5, 2010 at 5:46 PM

    Suk it hedge funds. You are should study MBA @ Harvard instead of CFA. Work for JPM, GS, or MS as IB. Eat taxes. Eat selling short ban. No trading inside for you.

  18. Posted by guest | February 5, 2010 at 5:47 PM

    Suk it hedge funds. You are should study MBA @ Harvard instead of CFA. Work for JPM, GS, or MS as IB. Eat taxes. Eat selling short ban. No trading inside for you.

  19. Posted by guest | February 5, 2010 at 6:44 PM

    17, 18, can hedge funds suk it?

  20. Posted by Guest | February 5, 2010 at 8:22 PM

    Mary did a bang up job overseeing Madoff. Why was she promoted again?

  21. Posted by Guest | February 5, 2010 at 8:23 PM

    Mary did a bang up job overseeing Madoff. Why was she promoted again?

  22. Posted by Guest | February 5, 2010 at 8:23 PM

    Mary did a bang up job overseeing Madoff. Why was she promoted again?

  23. Posted by Guest | February 5, 2010 at 8:23 PM

    Mary did a bang up job overseeing Madoff. Why was she promoted again?

  24. Posted by guest | February 6, 2010 at 10:55 AM

    She’s kinda room temp, if not warm.

  25. Posted by guest | February 6, 2010 at 3:15 PM

    That forehead never gets old.

  26. Posted by guest | February 7, 2010 at 6:17 PM

    @11 This is Dealbreaker, you can spell fuckable if you like.

  27. Posted by guest | February 8, 2010 at 11:10 AM

    She sounds like a contributor to this blog.

  28. Posted by guest | February 8, 2010 at 2:56 PM

    Bi-atch, joined and was made President of NASD Regulation in 1996 and was named Vice Chairman in 2002. 2006, she was named NASD’s Chairman and CEO. NASD/Finra call it whatever she had 12-13 years to bust Madoff and missed it. Guess it pays for your husband (Chas Cadwell) to give millions of his to FUBO’s victory campaign. Chas? Well isnt he just the Director Center on International Development and Governance at The Urban Institute. What do they do u ask? they, “…the Urban Institute gathers data, conducts research, evaluates programs, offers technical assistance overseas, and educates Americans on social and economic issues — to foster sound public policy and effective government”. HAHAHAHAHAHAHAHAHA!
    It stinks so bad.
    Hey just wondering is Franklin and Marshall (Shapiro) like Occidental College (Obama)?

  29. Posted by tom | February 11, 2010 at 8:28 AM

    The link below proposes a sunshine rule for preventing fraud in short selling.
    http://www.sec.gov/comments/s7-02-10/s70210-27.htm

  30. Posted by tom | February 11, 2010 at 8:58 AM

    The link below proposes a sunshine rule for preventing fraud in short selling.
    http://www.sec.gov/comments/s7-02-10/s70210-27.htm

  31. Posted by tom | February 11, 2010 at 8:59 AM

    The link below proposes a sunshine rule for preventing fraud in short selling.
    http://www.sec.gov/comments/s7-02-10/s70210-27.htm

  32. Posted by tom | February 11, 2010 at 9:19 AM

    The link below proposes a sunshine rule for preventing fraud in short selling.
    http://www.sec.gov/comments/s7-02-10/s70210-27.htm

  33. Posted by guest | February 11, 2010 at 9:20 AM

    How to curb fraud in short selling:
    http://www.sec.gov/comments/s7-02-10/s70210-27.htm

  34. Posted by guest | February 11, 2010 at 9:39 AM

    Stopping fraud in short selling:
    http://www.sec.gov/comments/s7-02-10/s70210-27.htm

  35. Posted by guest | February 14, 2010 at 1:49 AM

    Stopping fraud in short selling:
    http://www.sec.gov/comments/s7-02-10/s70210-27.htm

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