SEC colludes with the banks it regulates

[Junior]

http://www.vox.com/2014/4/11/5602188/the-secs-just-been-caught-colluding-with-the-banks-its-supposed-to

 

Reuters finance blogger Felix Salmon had a post earlier this week headlined "Yes, the SEC was colluding with banks on CDO prosecutions." This ought to be huge news. The Securities and Exchange Commission is one of the main agencies that's supposed to be regulating Wall Street. But they've been essentially caught red handed working together with Goldman Sachs to make it look like Goldman was paying a huge fine when really they're paying a small one. Sadly, though, the story probably won't get much attention from the general public because the CDO prosecution issue is a little obscure and it hasn't really been in the news for years.

 

But people ought to understand this story. It's a very big deal not so much because the case was all that important, but because it speaks directly to the question of whether or not our government institutions have the will and ability to regulate the financial sector.

[tschu]

God Vox.com is already super hyper mega elite. This exactly the type of crap that we need to expose relentlessly.