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http://news.msn.com/politics/obama-nominates-mary-jo-white-to-lead-securities-and-exchange-commission?ocid=ansnews11
The SEC in this century so far as been content, when it engages in enforcement at all, to go after companies and leave individuals alone. The companies pay fines, which amount to nothing more than the cost of doing business, Meanwhile, the acronym that captures the view of many Wall Street crooks is: IBGYBG, i.e., "I'll be gone, you'll be gone" by the time investors find put what we've pulled. Additionally, the agency totally blew it with the real estate/derivative debacle that launched the Great Recession. A change in tactics and strategy us essential, if we old timers are ever to sleep well at night, secure in the knowledge that our hard-earned pensions won't be looted again.
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