The SEC has been stripped of oversight powers. They have been given to a new agency and 3 new sheriffs are now in town. Word has it that they are responsible for forcing the SEC to sue Goldman. All the shorts at SEC went brown in the process.
Barney Frank resisted pressure from Bush to stop ‘experimenting’ with Fannie Mae. Then the mortgage failures went wild.
The SEC has been stripped of oversight powers. They have been given to a new agency and 3 new sheriffs are now in town. Word has it that they are responsible for forcing the SEC to sue Goldman. All the shorts at SEC went brown in the process. Barney Frank resisted pressure from Bush to stop ‘experimenting’ with Fannie Mae. Then the mortgage failures went wild.