Since the SEC failed to catch Madoff, despite nine years of warnings, I think its $950 million annual budget is obviously a waste of money.
And, what genius eliminated the “Uptick Rule”? And, “mark to market” for illiquid securities; that value is obviously zero. And, on and on.
What’s Chapter 11 for a failed gooferment agency?
Right, give it a budget increase!
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Reinke Faces Life 