Blog on the Run: Reloaded

Thursday, May 7, 2009 8:48 pm

In other words, it’s running just the way it’s supposed to … if you’re a wealthy financier

Filed under: I want my money back. — Lex @ 8:48 pm
Tags: ,

Shorter Government Accountability Office: The Securities & Exchange Commission doesn’t have enough lawyers, paralegals, support staff, money, copiers, computers, or much of anything else; it’s difficult to catch guilty parties, even more difficult to punish them and more difficult yet to actually collect the fines once they’re punished; the commissioners themselves don’t give much of a damn; and there’s nothing in place to prevent another disastrous bubble from happening.

(OK, that’s not all that short. But the actual report is 60-some scary and depressing pages.)

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