Comments on: SEC settlement-language change is (at best) mere cosmetics http://blogs.reuters.com/alison-frankel/2012/01/09/sec-settlement-language-change-is-at-best-mere-cosmetics/ On the Case Fri, 15 Jul 2016 20:42:45 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: OneOfTheSheep http://blogs.reuters.com/alison-frankel/2012/01/09/sec-settlement-language-change-is-at-best-mere-cosmetics/#comment-72 Fri, 13 Jan 2012 04:18:44 +0000 http://blogs.reuters.com/alison-frankel/?p=622#comment-72 Ms. Frankel,

The SEC’s inclusion of “neither admit nor deny” language in settlements with admitted or convicted criminals for some 40 years is entirely consistent with our present bloated and largely useless federal bureaucracy. If the SEC or countless other alphabet-soup governmental agencies were actually obligated to clearly promulgate and enforce meaningful and equitable “public policy”, their present existence with almost limitless authority and related expense to taxpayers might appear to be in the “public interest”.

Since we now know that no one “…takes the[ir] language seriously…” and their goals and achievements seem limited, at best, to unfulfilled and undefined aspirations, no such argument appears credible. I know I shouldn’t ask, but if they’re not “minding the store” for “we, the people” does anyone know why we employ them?

If they know why the U.S. financial “system” all but collapsed over recent years, and they know those responsible why are no arrests or prosecutions pending? Again, if they don’t know they have such obligations, maybe it’s time to CLEAN HOUSE of such incompetents?

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