Senator Calls for SEC Accountability

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Subject Author Date Senator Calls for SEC Accountability Veracity Jones 03-01-2008  Re: Senator Calls for SEC Accountability Igor The Terrib... 03-01-2008
Posted by Veracity Jones on March 1, 2008, 7:05 pm We will take hopeful signs of progress when and where we can get them, right? Perhaps Rhode Island Senator Jack Reed is providing just such a sign. Reuters is reporting that Senator Reed addressed a letter to SEC chairman Christopher Cox asking what is being done to improve disclosures from companies that engage in complex financial transactions, such as off-balance sheets linked to subprime mortgages. The letter included this statement: "I am concerned that, in both retail and institutional markets, the letter and spirit of disclosures mandated by our securities laws may have been violated." Reed is chairman of the Senate subcommittee on securities, insurance, and investments. His letter seems a little overdue to me, but better late than never. Perhaps the Senator is responding to the mounting pressure applied by the outcry of concerned investors. If enough citizens express concern and demand action, elected officials will find themselves compelled to act. I know it can seem like our efforts are futile at times. After all, I am just one small voice among millions. But remember, my friend, the snowflake. They are frail little freaks of nature. But when enough of them stick together, they can stop traffic. So, let's stick together. That's the Word on the Street. Veracity Jones @www.basherbusters.com Posted by Igor The Terrible on March 1, 2008, 8:27 pm > We will take hopeful signs of progress when and where we can get them, > right? Perhaps Rhode Island Senator Jack Reed is providing just such a > sign. Reuters is reporting that Senator Reed addressed a letter to SEC > chairman Christopher Cox asking what is being done to improve > disclosures from companies that engage in complex financial > transactions, such as off-balance sheets linked to subprime mortgages. > The letter included this statement: > "I am concerned that, in both retail and institutional markets, the > letter and spirit of disclosures mandated by our securities laws may > have been violated." > Reed is chairman of the Senate subcommittee on securities, insurance, > and investments. His letter seems a little overdue to me, but better > late than never. > Perhaps the Senator is responding to the mounting pressure applied by > the outcry of concerned investors. If enough citizens express concern > and demand action, elected officials will find themselves compelled to > act. I know it can seem like our efforts are futile at times. After > all, I am just one small voice among millions. > But remember, my friend, the snowflake. They are frail little freaks > of nature. But when enough of them stick together, they can stop > traffic. So, let's stick together. > That's the Word on the Street. > Veracity Jones @www.basherbusters.com SEC Accountability......................? LMAO!!! That worthless piece of shit bureaucracy has been asleep at the switch for years. Now some dirt bag politician is trying to get the ball rolling to hold the bastards to their deeds...and misdeeds? It was for reasons like this that gunpowder was invented, The only thing that will get the lead out of their asses is a loud bang nearby. Remember the last incident involving construction workers. In all my life, I never seen them lard asses move so quickly. Similar Threads Posted Free calls with charts December 17, 2006, 5:34 pm PROFIT ON CORRECT CALLS! August 13, 2007, 11:24 pm intraday calls and INDEX views for 23.05.07 May 22, 2007, 11:29 pm