Comments on: Did The SEC Lose Sight Of Its Mission?

An Up-Close Look At A Central Figure In The Economic Firestorm

[stuwerb]

Oh sure, blame it all on the SEC. Oh, they might be at fault to a certain degree, and maybe the head of it should be fired or forced to resign, but let''s get things straight -- the Republicans under George W. Bush and John McCain caused this mess. Up till 2 years ago, the Republicans controlled both chambers of the legislature. The signs of this disaster were clear back in 2005 in Florida, where housing prices began falling. And what was done about it back then? Nothing. Blame Barack Obama? Ridiculous. There is nothing false about hope.

[morris61]

"Christopher Cox has done, in my view, an outstanding job," Pitt said.This is some of what happened: A.I.G. sold insurance policies of all sorts of that people and businesses need: home and property insurance, livestock insurance, even aircraft leasing. These highly profitable businesses were not the problem. (They therefore will probably be sold off to pay the company%u2019s bad gambles.) A.I.G.%u2019s downfall came from the $450 billion %u2013 almost half a trillion %u2013 dollars it was on the hook for as a result of guaranteeing hedge-fund counterparty insurance.Is this the part they forgot to tell the screwed taxpayers?

[scotch41-2009]

"Good job, Brownie"..."Good Job, Coxie" Oh, and lets not forget "Mission Accomplished".....

[pastdue1]

SIXTEEN YEARS OF BABY BOOMERS.. . . .
. . . . . . . .
I THINK THAT EXPLAINS EVERYTHING...
Posted by txgrouch2006 at 08:37 AM : Sep 20, 2008

Great post ~ not sure I agree wholeheartedly, but they certainly did come out of that "me first" generation.

[cbsblogger]

The SEC was politicized is the answer.

Their role became one of enforcing good PR and policies that are intended to enhance the administration instead of enforcing policies and ethics in a business sector that is known to place GREED far ahead of ethics and common sense.

[spiritwalk]

I think Bush and Cheney should go down for a lot of things, but the financial crisis is not one of them.

I know that people don''t want to accept this but our elected officials are eunuchs when it comes to the financial world. There are people at the head of these financial empires that have more power than any government. They also have the advantage of being virtually anonymous. (Can you name anyone in the Bilderberg Group?) They are untouchable and they are the ones controlling the money.

[jab232]

I agree with Obama. Leave the blame game for the time after the problem is solved. Right now, everyone work together for the good of the American people. John McCain''s call for the firing of Cox just reinforced my impression that McCain is a shoot-from-the-hip type who would be frightening if he were in charge during a real crisis--domestic or foreign. We need calm, cool, collected work-together leadership in terrible situations like this one.

[jab232]

I agree with Obama. Leave the blame game for the time after the problem is solved. Right now, everyone work together for the good of the American people. John McCain''s call for the firing of Cox just reinforced my impression that McCain is a shoot-from-the-hip type who would be frightening if he were in charge during a real crisis--domestic or foreign. We need calm, cool, collected work-together leadership in terrible situations like this one.

[blitzder]

Bush/Cheney/McCain & their multitudes of cronies have bankrupted the country. They are guilty of HIGH CRIMES AND MISDEMEANOURS at home & WAR CRIMES AROUND THE WORLD.

IMPEACH NOW.

[blitzder]

The REPUBLICAN garbage heads who demonized liberals for favouring BIG GOVERNMENT, are now themselves turning COMMIES & SOCIALIST PIGS by begging for big government help for handouts and takeovers and making a huge mess of the economy.

The REPUBLICANS are low life scum and big time LOSERS. In November they need to flushed down the toilet, where they belong.