The Hot Button Questions:- Money, Banks, & the Economy Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Hot Button Questions:- Money, Banks, & the Economy

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: maceng2 who wrote (256)	4/15/2003 3:01:11 PM
From: maceng2	Read Replies (1) of 1417

"took a thief to catch a thief." In June 1934, the Securities and Exchange Commission (SEC) was created, and Roosevelt appointed Joe Kennedy chairman. The appointment drew strong criticism from those who felt that Joe Kennedy symbolized everything the SEC had been set up to eradicate. Roosevelt, however, stood firm, telling one advisor that it "took a thief to catch a thief." Roosevelt also knew that Joe's financial backing had been critical to his election, and he hoped that giving Kennedy the SEC chairmanship would secure his financial support for the next election as well. - The SEC, under Joe's direction, went on to outlaw most of the practices that had made Kennedy rich, including a ban on short selling, one of Joe's favorite ways of making money. ytedk.com Still got some problems today though... "America's markets, business community and entire economy are at a critical crossroads," SEC chairman William Donaldson said at a news conference. "We have weathered the storm of scandal and continue to seek justice and pursue wrongdoing." Message 18843405

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next