Massively dysfunctional enforcement at the SEC and the Fed

May 9, 2009 | By | Reply More

TMP has presented a terrible, yet not surprising, description of the enforcement arm of the SEC.  Based on this detailed description of this dyfunctional enforcement arm, no wonder securities fraud has been running rampant.

Oh, and on a related note, Huffpo reports that:

The inspector general tasked with overseeing and auditing the Federal Reserve knows pretty much nothing about what the Fed is doing. . . . She did not know where the Fed has invested its $2 trillion on the liability side of the balance sheet. “I do not know. We have not looked at that specific area at this particular point on,” she said.

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Category: American Culture, Economy, Fraud, ignorance, Politics

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich lives in the Shaw Neighborhood of St. Louis, Missouri, where he lives half-time with his two extraordinary daughters.

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