Posted by Larry Doyle on May 8th, 2014 1:19 PM |
What does it say about a regulatory oversight system when individuals from inside start to ‘blow the whistle?’
I think it speaks volumes that all is not well, and somebody better start to really pay attention and take some meaningful action.
A month or so ago we heard from retiring SEC attorney James Kidney voicing real concerns in describing the commission as little more than a “tollbooth on the banksters’ turnpike.” Now we hear CFTC (Commodities Futures Trading Commission) commissioner Scott O’ Malia also blowing the whistle. Let’s navigate as Pensions and Investments highlights O’ Malia’s siren call: (more…)