Top SEC Economist James Overdahl Quits

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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.

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