So what is really going on at the SEC?
I mean the economy is in the crapper. The banking industry is a bunch of corrupt dorks on the government dole. Wholesale mortgage lending was basically fraud since the 1970's. Wall Street bankers knew it and did everything could to make a buck off the situation.
We may never know what the government oversight folks were doing or how hard they tried to prevent the current economic melt down.
At least they weren't surfing porn all day.
In case there are any SEC HR managers reading this. I promise if you pay me $222,418 a year, I won't waste government resources doing anything untoward on line. Heck I could not pay attention to the things I'm supposed to be regulating and save gov resources at the same time. Just send me a check and I'll stay at home for a cool $200 grand a year.