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Obama's Lousy SEC Chief Choice

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March 11, 2009 – Comments (3)

I'm with Gary Weiss on this one. Mary Schapiro is more interested in paying lip service to non-existant bogeyman than actually getting down to the harder job of regulating markets in ways that make sense.

Earth to Mary: the halt on financials shorting did nothing, zilch, zero to "save" those firms. The "naked shorting" phenomenon is a fantasy promoted primarily by the crook CEOs of fraudulent companies. (One wonders if she even reads the SEC's own press releases, where she'd see a nearly 1:1 relationship between CEOs who scream "naked short" and CEOs under investigation -- and taken to court -- by her own agency.)

Sj

3 Comments – Post Your Own

#1) On March 11, 2009 at 5:18 PM, GlobalCooling (< 20) wrote:

A large number of President Obama's appointees are turning out to be mediocre at best, similar to the performance of the President himself.  Some of the appointees are turning out to be frauds.

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#2) On March 11, 2009 at 5:24 PM, TMFBent (99.81) wrote:

Well, Schapiro hasn't gotten in trouble for not paying taxes. Maybe we should give her a golf clap for that.

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#3) On March 11, 2009 at 5:25 PM, Imperial1964 (97.81) wrote:

What happened?  Couldn't he find another tax cheat?

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