tag:blogger.com,1999:blog-2611021408437270881.post6119999540056303844..comments2024-03-18T23:59:39.885-07:00Comments on Skeptical CPA: Improper Influence at the SEC?Independent Accountanthttp://www.blogger.com/profile/07800220849565219709noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2611021408437270881.post-9243870305020085092010-04-22T09:55:50.012-07:002010-04-22T09:55:50.012-07:00Wall Street has captured the SEC and banking regul...Wall Street has captured the SEC and banking regulators and their motive is that it helps them make money... <br /><br />The methods are varied but include:<br /><br />** Promoting complexity that is difficult to oversee<br />** Revolving door (high $ waiting for those who go easy)<br />** Campaign contributions (Goldman = $1M to Obama)<br />** Facilitating massive Fed debt sales<br />** Facilitating massive Fed debt trading to facilitate interest rate setting<br /><br />The minor SEC cases are just smoke to cover the larger fire. There should be 50+ Goldman/Paulson type cases underway. It's a good start but a mere baby step.Anonymousnoreply@blogger.com