So what happens when your federal agency get publicly skewered with the most detailed, scathing (and likely accurate) verbal disemboweling this side of a re-run of "The Equalizer?" Why, you get double digit budget raises, of course.
The Securities and Exchange Commission is expected to receive a 13% funding boost next year, bringing its 2010 budget to about $1.02 billion.
The boost comes after several years of static funding levels and at a time when the SEC has been criticized sharply for inadequate oversight of the markets and enforcement of securities laws.
The administration said the SEC would use the additional funding to increase staff and its use of technology to "pursue a risk-based, efficient regulatory structure that will better detect fraud and strengthen markets."
SEC May Get 13% Funding Increase [The Wall Street Journal]