Friday, 31 July 2009

Waiting for the SEC to do the right thing

Just in case it wasn't obvious the comment below comes from a US senator:

America was founded on the principle of equal opportunity. While we should keep encouraging the kind of commercial ingenuity that fuels the prosperity of our financial markets, we must ensure that technology is not employed to advantage one small group over the rest. The SEC must deliver on investor protection to restore the integrity and credibility of America's financial markets.

He is referring to that very same SEC that failed to take the slightest notice of several warnings about the largest Ponzi scheme - just to be clear that's the Madoff one.

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