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by Supermancho 1953 days ago
> Then where is the right place for that? (rehash in political theater)

Within the SEC or at a performing arts center, depending on what level of scrutiny, the discussion of the topic is to be given. A congressional hearing is the equivalent of a discussion between a beat cop and hostile witness at a coffee shop.
1 comments
sumedh 1952 days ago
> Within the SEC

2008 should have demonstrated that SEC is virtually powerless to take on the big guys.

The purpose of a congressional hearing is to create awareness.

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Supermancho 1952 days ago
> 2008 should have demonstrated that SEC is virtually powerless to take on the big guys.

They are the ONLY organization mandated to do so. Lacking specific power "to take on the big guys" (whatever that means) is a different issue. The SEC has the awareness of the market manipulation, as this monitoring and analysis is what they do. Congress should be speaking to them, not holding some theater.

> The purpose of a congressional hearing is to create awareness.

The awareness comes from media more than any other source. Are you implying that there is a lack of awareness for any individual interested in this topic? I feel like I'm talking to someone who participates in a different reality. GL with whatever.

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sumedh 1951 days ago
> Lacking specific power "to take on the big guys" (whatever that means)

If you knew the history of SEC you would know what that meant. Look up Steve Cohen. Big guys just get a slap on the wrist.

SEC missed the $18 billion Madoff fraud and yet you think SEC has the awareness of market manipulation, they dont.

> Are you implying that there is a lack of awareness for any individual interested in this topic?

Isnt that why the politicians want to know more about this topic.

> I feel like I'm talking to someone who participates in a different reality.

That we can agree, the reality is that SEC is incompetent yet you chose to believe it is not.

GL with whatever.

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