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Originally Posted by CaptainHaplo
The SEC is run by politicians - they are political appointees of the President confirmed by the Senate - and has a majority of Democrats as its oversight.
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If you want to play partisan politics on this, you will lose. Not to mention, you're flat out wrong.
"The last six months have made it abundantly clear that voluntary regulation does not work." - Christopher Cox, Republican, George W. Bush nominee and then-Chairman of the Securities and Exchange Commission in September, 2008
Anyone that wants to blame one side or the other for the financial crisis is sorely mistaken.
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the corporations are not the problem
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It's defies belief that after all that's happened in even just the past four years, let alone longer, someone could state this with a straight face. Giving the companies who blew up the world economy a free pass is galling.
I will agree that lack of governmental oversight is one of the key causes of the financial crisis. But the solution to that is not more lack of governmental oversight. That makes no sense.