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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (15406)3/7/2000 9:41:00 PM
From: KeepItSimple  Read Replies (2) | Respond to of 42523
 
>as someone else has pointed out, a former SEC employee has landed a nice
>cushy job at the Motley Fool...

That would have been me.. And it wasn't just any SEC employee, it was their chief fraud investigating officer.

All of these clowns know that if they do "favors" for various big brokerages and banks- ie look the other way when laws are broken- then they will be given cushy "jobs" for life as soon as they leave the SEC, with the salary roughly determined by the amount of sleaze they "overlooked" while in office.

This also explains why the SEC seems to expend all of its efforts going after small time boiler room scam artists, throwing the book at some thugs who might have made a few hundred thousand selling non-existant shares, but lets the morgan stanley's of the world commit massive fraud and price fixing and only slap miniscule penalties on them. When's the last time you saw a major brokerage player being prosecuted for anything?

Ain't america great.



To: pater tenebrarum who wrote (15406)3/7/2000 9:58:00 PM
From: Giordano Bruno  Read Replies (1) | Respond to of 42523
 
Graft...for lack of a better word, is good.

new era version -g-



To: pater tenebrarum who wrote (15406)3/7/2000 10:05:00 PM
From: yard_man  Read Replies (1) | Respond to of 42523
 
It's like Rubin taking the big salary with Citi-something --
there's no conflict of interest. they are interested in one thing -- their own a@@ ...



To: pater tenebrarum who wrote (15406)3/7/2000 10:13:00 PM
From: NickSE  Read Replies (2) | Respond to of 42523
 
The SEC has lost 25 percent of its attorneys, accountants and examiners over the last two years -- 150 lawyers and 89 accountants in 1999 alone, largely to better-paying jobs in the private sector.

biz.yahoo.com