The Good, The Bad & The Ugly – Week of 2/22/13

OSEC news: We submitted a comment letter to the Financial Stability Oversight Council in response to the Council’s proposed regulations to Money Market Funds. Here’s a blog post on it. Here’s the actual letter.

The Good

The Bad

  • On her disclosure form, Mary Jo White neglected to list three of her prior clients. Just another “ethical landmine,” in Jonathan Weill’s words. Bloomberg February 15, 2013

The Ugly

  • Another DOJ smokescreen as they pretend to go after Wall Street by extracting guilty pleas from foreign subsidiaries. Yves Smith asks “I’m not sure who the audience for this play-acting is supposed to be.” The DOJ seems to think there is one, showing how disconnected they really are. Matt Taibbi at Rolling Stone and Yves Smith at Naked Capitalism February 19, 2013
  • POGO’s in-depth report details just how captured the SEC is by the institutions it is meant to regulate. Bill Moyers and Michael Winship at Moyers and Co. February 15, 2013

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