FIRE!!! (Please Leave the Building in an Orderly Fashion) by Mark Faulk August 9, 2007
There has been a whirlwind of activity in our financial markets over the past few days. While the stock market itself has been experiencing an ugly downturn, the events that precipitated it continue to be ignored. Rampant regulatory failures within the SEC have been setting this up for years, and even the President’s so-called Plunge Protection Team hasn’t been able to stem the outflow from our markets.
After years of criticism from the investing public and market reform advocates, the recent scandals, coupled with the meltdowns of one hedge fund after abother, have begun to finally force Congress to shine a light on the SEC and Wall Street in general.
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