The SEC Failed!

The Securities and Exchange Commission has failed all Americans and investors worldwide. They failed us because they put to much trust in these fat cats on Wall Street, like Bernard L. Madoff who ran the biggest Ponzi scheme in U.S. history. And the next question the SEC should ask themselves is, who else is doing this? The SEC regulators in charge of watching over people like Bernard L. Madoff should be terminated immediately. They’re weren’t doing their job then and they’re not doing it know, so cut them. And the whole crazy thing about all this is that the SEC didn’t even catch him, his family turned him in. If SEC Chairman Christopher Cox doesn’t act fast he should too. After all he should be making sure the people that work for him should be doing their jobs. If you ask me, I would be willing to bet that a few SEC regulators looked the other way to fatten their pockets, nothing surprises me these days.

Tags: Bernard L. Madoff, SEC, SEC Chairman Christopher Cox

Wall Street’s Financial Problems!

It seems that Republican John McCain is under fire for stating that he would fire SEC chairman Christopher Cox and create a special trust. I really don’t know much about Christopher Cox to have an opinion on this matter. Here’s what I do know, Christopher Cox, a Republican and former 17-year House member who has served on committees overseeing investor protection and U.S. capital markets. And President Bush also appointed him in 2005. I also think that John McCain needs to keep his mouth shut about things like this and maybe read some books instead. I do know for a fact that the SEC has looked the other way a lot and maybe Cox should be terminated. But let’s not talk about it in the news, it’s a personal issue.

Tags: SEC, Wall Street