As you might imagine, the ongoing revelations about the SEC (Bernie Madoff, Allen Stanford, and porn, among others) has made things somewhat awkward for the agency's employees. Children jeer at them on the street. Priests sigh in disgust when they confess the name of their employer through the grate. Their local deli guys are like, "How's it hangin', ladyboy?" when they stop in to buy cigarettes. Even old ladies give them a hard time, according to this morning's Journal.
One ex-SEC lawyer was asked at his mother's birthday party: "How does it make you feel that your agency is absolutely incompetent?"
Read the rest here
As funny as this story is, I think it is a distraction and a farce because there IS fraud and crimes WERE committed. The SEC is filled with Goldmanites and this lawsuit will do nothing but create the appearance that something is being done to stop the corruption when you and I both know it won't do a damn thing until every single incumbent is voted out and replaced with honest Congressman who put the people of the USA above corporations and profits and we have a president that kicks all these revolving door Goldmanites out of government positions and replaces them with people that care about our country like Bill Black, Elizabeth Warren and Ellen Brown.