SEC On the 'Hot Seat'.

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#1 Thu, Aug 18, 2011 - 4:31pm
Joined: Jun 14, 2011

SEC On the 'Hot Seat'.

Could it be that Sheila is heading to prison?

From Rolling Stone's Matt Taibbi;

"A whistle-blower [Darcy Flynn] claims that over the past two decades, the agency [SEC] has destroyed records of thousands of investigations, whitewashing the files of some of the nation's worst financial criminals."

Darcy Flynn was an SEC attorney for 13 years.

Is it any wonder that the incessant calls for investigation of precious metals market manipulation go ignored?

Edited by: dropout on Nov 8, 2014 - 5:04am
Sat, Aug 20, 2011 - 7:49pm
Joined: Jun 15, 2011

On the payroll

I don't recall after reading this article days ago whether it was mentioned that the SEC employees might even been on the payroll of these companies influencing the markets. They probably clock on two jobs, every day; one, to stone wall the very damning cases and prosecute other cases that serve to distract people from the real criminals and two, to report their findings every day to their companies, whether it be JP Morgan, GS, Morgan Stanley, who cares. There may even be arrangements between these agencies, the Fed, the IRS, and the private financial companies to hide the double payroll taxing to keep nosy IRS employees unaware and from blowing the whistle.