Comments on: Consumer cops: Why we need Mary Schapiro and Elizabeth Warren now http://blogs.reuters.com/reuters-wealth/2011/04/15/consumer-cops-why-we-need-mary-schapiro-and-elizabeth-warren-now/ Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: johnwasik http://blogs.reuters.com/reuters-wealth/2011/04/15/consumer-cops-why-we-need-mary-schapiro-and-elizabeth-warren-now/comment-page-1/#comment-4546 Tue, 19 Apr 2011 21:49:12 +0000 http://blogs.reuters.com/prism-money/?p=12329#comment-4546 Until we have some decent watchdogs with integrity — backed by fiduciary duty mandates — Wall Street will remain the same and individual investors will continue to lose money on a regular basis. Warren and Schapiro are leading the charge to clean up Wall Street — a lonely crusade that we investors should support.

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By: Seafarer20 http://blogs.reuters.com/reuters-wealth/2011/04/15/consumer-cops-why-we-need-mary-schapiro-and-elizabeth-warren-now/comment-page-1/#comment-4543 Tue, 19 Apr 2011 20:47:01 +0000 http://blogs.reuters.com/prism-money/?p=12329#comment-4543 Amazing!! Remember the Rand Report from 2008. In Jan 2008 SEC Commissioner Cox said, “The Commission has been anxious to receive RAND’s study of the investment adviser and broker-dealer industries, and the nature of their relationships with customers. The report will assist the Commission’s efforts to update our regulations to improve investor protections in today’s new marketplace,” Subsequently ignored.

Now, “Although the SEC said it is still writing the fiduciary rule, after intense industry lobbying and the objection of two of its Republicans commissioners, Schapiro told me the agency would do “more economic analysis” on the proposal and take it up again in the second half of this year.” Balderdash.

Another perfect example of Washington inertia, lobbying and tomfoolery. “Send more money and we’ll fix the problem.” Standard & Poors yesterday had the courage to tell our politicians to do their jobs.

And as for money, from Investment News October 10, 2010, “Mary Schapiro received nearly $9 million last year when she left her post as Finra’s chief executive to become chairman of the Securities and Exchange Commission.” Who’s kidding who?

Honesty and fiduciary responsibility MUST be permanently branded into our entire politico/economic/financial mainstream or America may follow the PIGS into the muck.

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By: Eideard http://blogs.reuters.com/reuters-wealth/2011/04/15/consumer-cops-why-we-need-mary-schapiro-and-elizabeth-warren-now/comment-page-1/#comment-4481 Sat, 16 Apr 2011 04:19:09 +0000 http://blogs.reuters.com/prism-money/?p=12329#comment-4481 They are obviously capable of doing their job. Every mouthpiece for Wall Street – from Kudlow to Cramer – is whining about the potential “disaster” for investment banking if Warren and Shapiro are allowed freedom and funds.

So much for the folks who say they are on the side of the citizen investor.

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By: breezinthru http://blogs.reuters.com/reuters-wealth/2011/04/15/consumer-cops-why-we-need-mary-schapiro-and-elizabeth-warren-now/comment-page-1/#comment-4480 Sat, 16 Apr 2011 03:43:25 +0000 http://blogs.reuters.com/prism-money/?p=12329#comment-4480 I’d like to see an Elizabeth Warren/ Mary Shapiro ticket in 2012. They have common sense, detailed knowledge, integrity, and guts…

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