Quis Custodiet Ipsos Custodes? The SEC Perhaps?
I hear always the admonishment of my friends: “Bolt her in, constrain her!” But who will guard the guardians? The wife plans ahead and begins with them!. – Juvenal, Satire VI, (HT:Wikipedia) The Washington Post reports this morning. The Securities and Exchange Commission is mounting an effort to charge four current and former senior executives from Fannie Mae and Freddie Mac for failing to properly | Read More »
Would You Trust These Jerk-Offs To Run Anything?
Just 22 percent of respondents said they can trust the government “almost always” or “most of the time,” marking the lowest confidence rating in half a century. (HT: Pew Research Center) The American People do not trust or respect the people in charge of their government. A satirist would at this point comment that he or she isn’t terribly fond of transacting business with Goldman | Read More »
Honor Among Thieves II: The SEC Won’t Fix Too Big To Fail
“So why don’t you just get lost, OK?” “Guys like me don’t ever get lost.” – Mobster character in a Mike Lupica novel. So the SEC believes it can take on too big to fail. They really seem to think they have a prayer against Goldman Sachs. They’ve thrown down the gauntlet, they’ve filed their charges, they’ve lawyered-up like OJ, and called in Big, Bad, | Read More »
Honor Among Thieves
When the Securities and Exchange Commission threw down the gauntlet against Goldman Sachs on Friday, Henry Kissinger’s bon mot on the brutal 1980s war between Iran and Iraq sprang to mind: “Too bad they can’t both lose.”(HT: Andrew McCarthy, NRO) I will never again begrudge our canny President a day at the links. The fact that he has golfed more in two years than GW | Read More »