Time To Ban/Eliminate The SEC

L

libertad

http://www.ritholtz.com/blog/2009/07/banning-short-selling/


This is the last straw....

A proven revolving door of higher paying employment only....people armed with roladexes of higher paying corporate/legal jobs....who goes after the small....and lets the big ones slide.....In their almighty wisdom....want to focus on a one way market....

The words one should have for the SEC are not allowed on this forum....

But here again....why not give Mr. Levitt a call....he was head of the SEC.....and now serves GS and Bloomberg....

Just get rid of it....

http://globaleconomicanalysis.blogspot.com/2009/07/more-idiocy-from-sec-reinstatement-of.html
 
Probably not a bad idea. But the current administration does not believe in reducing government or eliminating wasteful federal agency budgets. Only in creating new ones.

So we're probably stuck with the SEC for the foreseeable future.
 
Quote from melanie911:

the problem in not the sec

complex financial engineering, in a globalized world
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Both are indeed problematic....

SEC .....are like paid police ......policing the police.....

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The SEC has mostly served itself in the name of
promising jobs on the other side....

An endless better pay employment political revolving door....


Their history speaks for itself....


Should there be a regulator....?

Absolutely.....but not the SEC....

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But tarrying with market pricing is definitely not their domain....

This is the last straw....

This coming from the trounced banks....

It was the banks' erroneous management ....not the marketplace.....

Here again .....the revolving door syndrome....has become a fascist facility....

Just follow the money.....speaks aloud.....
 
IMO any regulatory body were the employees are allowed to work for the other side, are corrupt.

I worked for DOD and the defense industry my entire career and saw it over and over again.

The only way that I know how to stop it, is to make retirement from any of these agencies permanent.
 
Short selling will be restricted, the SEC will be destroyed.

The Politicos know, if something drastic isn't done, they'll be another 9/08. And this time, there is no Fed Balance Sheet to help us out of it. So they'll do some draconian things. They may be wrong. But they'll be done.

Financials were naked shorted during the "ban".
 
Quote from flytiger:

Short selling will be restricted, the SEC will be destroyed.

The Politicos know, if something drastic isn't done, they'll be another 9/08. And this time, there is no Fed Balance Sheet to help us out of it. So they'll do some draconian things. They may be wrong. But they'll be done.

Financials were naked shorted during the "ban".
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uptick rule, or limit move halting, doesn't seem an hard restriction. or they are think'n something different?
 
Quote from melanie911:

uptick rule, or limit move halting, doesn't seem an hard restriction. or they are think'n something different?
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Hard borrow at the least. However, these things always go hard the other way. See all the neg GS stuff? They deserve it, but why now? People are catching on, and need to blame someone for their problems.
 
without the sec, it would be worse, not better.

chopping off people who used to work for industry is kind of bizarre, because that is the only place you wil find experienced staff. And you cannot prevent people who worked FOR the SEC in the past from taking industry jobs. This is a democratic republic, not a dictatorship

it easy to rant after the fact, but extremely difficult to have efficient, effective govt agencies. Of course, few of them are...
 
Quote from TraderZones:

without the sec, it would be worse, not better.
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Look around you. How could it be worse? It's going to get worse, but that has more to do with that same problem.
 
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