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By Erich Vieth on May 09th, 2009
Massively dysfunctional enforcement at the SEC and the Fed
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.
- Who’s watching the Federal Reserve? Not the Inspector General of the Federal Reserve.
- Time to shine more light on the Federal Reserve
- Finally, transparency at the Federal Reserve
- My first time getting caught by photo enforcement of a traffic violation.
- Citizens act like dysfunctional children when kept ignorant of “natural consequences.”
