Saturday, August 20, 2011

Is the SEC Covering Up Wall Street Crimes?

That is the title of Matt Taibbi's new article this week in Rolling Stone.

I suggest you have a look at the whole thing here, but this is probably my favorite quote:

"The destruction of records by the SEC, as outlined by Flynn, is something far more than an administrative accident or bureaucratic fuck-up. It's a symptom of the agency's terminal brain damage. Somewhere along the line, those at the SEC responsible for policing America's banks fell and hit their head on a big pile of Wall Street's money – a blow from which the agency has never recovered."

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