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Re: Militia Man post# 139

Wednesday, 12/05/2007 9:49:59 AM

Wednesday, December 05, 2007 9:49:59 AM

Post# of 156
The SEC.

Is far too busy with the zillions of other "larger" problems in the investment world. And even so, the SEC is about as useless and selfserving an organization as has ever existed. I mean this exactly as I wrote it. They're empowered by noone anyway.

The SEC is completely useless. It literally taks a fiasco of Enrons proportions to even come to the attention of the SEC, much less for some correct and corrective action to take place. Ha! You'll still argument over the existance of naked short selling and (worse than that) the injection of counterfeit shares into "the system" from these people.

This is like an argument of flat vs. spherical Earth.

I know it may sound cynnical, but it's also true. This world is ruled by lawyers and what they get out of "it" is the first and primary question/motivator of all that goes on in political and econonic circles.

Non-lawyers are either running behind them sucking up the scraps of the eggregious excess or standing idly by with a stupid look and an empty sack in hand.

How bad is it? Even the government, who "legally" (sic) forces themselves on us with "rape by taxes" is beholden to the lawyers - and that's even when the lines between laywer and politican aren't blurred.
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