Originally Posted by notquiteright
I'm not so sure having the SEC with oversight assures us of anything but a fig leave will be near the nether regions. They are so undermanned and underfunded for long expensive court cases, they are often in mid rotation back the the very firms they are to moniter I doubt they will be of much help riding herd on Congress.
Another great example of political power having a cash value. Rick Perry was dirt poor before becoming Governor. He profited from quick turnover land deals amongst his fellow politicians and favored land developers. Doubling or tripling in value in 2 or 3 years. Timely stock purchases after contact with CEO or presidents of companies.
Not that down home folksy Rick is the only one making big bucks as a major politician, he just isn't all that shy about it.
Gee, an organization who exploits legal insider trading methods appears to be a bit relaxed on giving the SEC any teeth to do its job. Shocker.