....from dealbreaker. Brilliant. True!!! But still! Brilliant!
The U.S. Securities and Exchange Commission is ending its program to
supervise large independent investment banks now that the five
participants have collapsed or reorganized.
The announcement Friday coincided with criticism by the SEC's
inspector general of the agency for failing to properly supervise broker
dealer risk assessments in a program run by the Division of Trading and
Markets.
Stage direction: SEC officials mount their horses, tip their hats, and
ride off into the sunset. Pan back to show village burned to the ground
and citizenry slaughtered, voiceover by Wilfred Brimley waxing poetic,
"They did what they came to do. Their work here was done."
The U.S. Securities and Exchange Commission is ending its program to
supervise large independent investment banks now that the five
participants have collapsed or reorganized.
The announcement Friday coincided with criticism by the SEC's
inspector general of the agency for failing to properly supervise broker
dealer risk assessments in a program run by the Division of Trading and
Markets.
Stage direction: SEC officials mount their horses, tip their hats, and
ride off into the sunset. Pan back to show village burned to the ground
and citizenry slaughtered, voiceover by Wilfred Brimley waxing poetic,
"They did what they came to do. Their work here was done."