“A lawyer from America’s Securities and Exchange Commission (SEC) has launched a broadside against his bosses during a leaving speech, accusing them of being too soft on wayward Wall Street chiefs in the wake of the 2008 credit crisis.
James Kidney, who retired from the SEC this month after 24 years with the organisation, said in his leaving speech that his bosses had been too ‘tentative and fearful’ when tackling the behaviour of banking giants.
As around 70 SEC lawyers and alumni looked on, Mr Kidney bemoaned the SEC’s focus on being polite.”* Steve Oh, Jimmy Dore (The Jimmy Dore Show), Malcolm Fleschner (Executive Producer, The Point) and Jackie Koppell break it down.
*Read more here from Ted Thornhill / Daily Mail:
http://www.dailymail.co.uk/news/article-2600475/Too-tentative-fearful-SEC-attorney-blasts-OWN-bosses-accusing-failing-rein-Wall-Street-leaders-financial-crisis.html
Comments
Being hired by someone you were supposed to regulate should be grounds for the immediate undoing and re-inspection of every case that person worked on.
All decisions handed down should be reversed or withheld, and all judgements should be immediately revisited.
Any criminal culpability should be indicted and all assets frozen.
The revolving door should be slammed shut on the faces of the conspirators.
The SEC is a joke, the stock market is rigged, and our economy is in the hands of criminals who wear suits and ties.
I hope I live to see at least the start of the Uncivil War.