Who’s Afraid of the S.E.C.

Larry February 23, 2012 Doodles 3 Comments

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Ball point pen on today’s newsprint

Recent studies have found that the death penalty is not a deterrent to homicide. I know we can argue the merits of that argument but in the mean time, many states still sentence murderers to death. I point this out to highlight the dichotomy between how we punish individuals compared to big corporations. The SEC believes having fraudulent Wall Street firms promise not to violate a law that they already promised not to break, without admitting guilt, to be a deterrent. When you stop laughing read this

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3 Responses to “Who’s Afraid of the S.E.C.”

  1. Vee said:

    Feb 23, 12 at 10:14 am

    “Our goal is always to maximize the return to investors.” Ms. Shapiro is being very blunt. Here’s my interpretation of that statement.

    “It is what it is. This is how the system works and in the end, some investors will get their money back.”

  2. Larry said:

    Feb 23, 12 at 10:20 am

    …and the beat goes on

  3. Larry said:

    Feb 23, 12 at 10:22 am

    “Our goal is always to maximize the return to investors”…not to punish our buddies.