- Bargaineering - http://www.bargaineering.com/articles -
Roundup: SEC Goes After Little Guys
Posted By Jim On 06/08/2012 @ 12:08 pm In Personal Finance | 15 Comments
Matt Taibbi from the Rolling Stone looked at why the SEC seems to love crushing little guys but let’s huge megabanks do whatever they want .
It’s half sad and half pathetic. My belief, whether accurate or not, is that government agencies are filled with three types of people – those who can’t get a job in private industry, those who don’t want to get a job in private industry, and those who are simply waiting until they can get a job in private industry. So for the SEC, an example private industry job would be on Wall Street. The ones at a regulatory agency who can’t get a job or don’t want to get a job, either can’t or don’t have the motivation to battle the people who they are supposed to regulate. The ones who are waiting until they can get a job don’t have an incentive to fight with their future employers!
They all work towards their incentives though and, as Taibbi has shown, the incentives are all jacked up.
Have a great weekend!
Article printed from Bargaineering: http://www.bargaineering.com/articles
URL to article: http://www.bargaineering.com/articles/roundup-3.html
URLs in this post:
 Tweet: http://twitter.com/share
 Email: mailto:?subject=http://www.bargaineering.com/articles/roundup-3.html
 SEC seems to love crushing little guys but let’s huge megabanks do whatever they want: http://www.rollingstone.com/politics/blogs/taibblog/sec-taking-on-big-firms-is-tempting-but-we-prefer-whaling-on-little-guys-20120530
 looks at why JC Penney’s: http://redtape.msnbc.msn.com/_news/2012/05/25/11864178-fair-and-square-pricing-thatll-never-work-jc-penney-we-like-being-shafted
 scientific paper: http://aida.wss.yale.edu/~shiller/behmacro/2003-11/gabaix-laibson.pdf
 Spurs are playing: http://www.grantland.com/story/_/id/7988382/the-spurs-zombies-retro-diary
 why the Chinese flock to American universities: http://www.cnn.com/2012/05/31/opinion/bennett-china-us-schools/index.html?hpt=hp_t2
 10 things to look for a thrift store: http://www.wisebread.com/10-things-to-look-for-every-time-you-visit-a-thrift-store
Thank you for reading!