Apparently he’d had it with the commission’s freaky ass rules. Publicly, he’s talking about the ones relating to short selling, though odds are he wasn’t thrilled about this shit, either.
The U.S. Securities and Exchange Commission’s top economist is leaving the agency after Chairman Mary Schapiro merged his office with another and passed short- selling rules that hedge funds said ignored financial analysis.
James Overdahl, whose office reviews potential regulations to determine whether benefits outweigh costs, said in an e-mail today that he will step down March 31 to join NERA Economic Consulting. He joined the SEC in 2007 from the Commodity Futures Trading Commission, where he also served as the top economist.
Here Are Some Thoughts On Men And Wall Street
Jerk Running Ferry To Fire Island Not Up On The Celebs Of Financial Reform
I find it quite hilarious that common sense is only coming to fruition now. Banks are beginning to stop overdrafts, people are starting to see of how comical regulations have become and so many other factors that have caused legitimate competitive businesses to leave the country.