In 2010 there was a 20 minute flash crash that basically wiped out a trillion dollar in wealth. Turns out the SEC only interviewed those who caused the crash two weeks after they published their report on the flash crash (due to the sale of 75,0000 emini).
An analogy would be a police officer interviewing the store owner only a few weeks after he finished his report on the crime. It makes no sense, unless there was a pre-determined objective, and that the interview was just an item on the check list.
What is the SEC being accursed of? Simply, that they had no real interest in what actually occurred only wanted to prove their pre-established theory. What ever the facts were in the case was of little interest. Wall Street has its wish with the SEC -- window dressing at best.
An analogy would be a police officer interviewing the store owner only a few weeks after he finished his report on the crime. It makes no sense, unless there was a pre-determined objective, and that the interview was just an item on the check list.
What is the SEC being accursed of? Simply, that they had no real interest in what actually occurred only wanted to prove their pre-established theory. What ever the facts were in the case was of little interest. Wall Street has its wish with the SEC -- window dressing at best.
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