Comment

The SEC's Porn Problem

166
Wendell Zurkowitz ((slave to the waffle light))4/23/2010 2:29:30 pm PDT

re: #160 Sheepdogess

I meant federal employees in DC. I should have been more clear.

We should start over, and don’t make a Government job a job for life. When our public servants screw up we just move em around or send them of to one of the federal goverment’s “retirement homes”, like Fannie Mae, so they can steal more of our money.

Remember Jamie “THE WALL” who allowed 9/11 to happen” Gorelick? Though she had no training or experience in finance, Gorelick was appointed the Vice Chairman of Fannie Mae and served in the role from 1997 to 2003. During that time she earned over $26 million dollars During Gorelick’s tenure, FNMA suffered a $10 billion accounting scandal. She kept the millions BTW. Nice work Jamie.

Ah, the fedril gummint.

I am all for market solutions to anything and everything that the market can do well, which is basically to balance supply and demand and to direct the flow of capital to those places where it does the most good for the most people.

Problem is, when it comes to managing resources, it really sucks. And that does not just mean mineral resources, it means our air and water, our soil, our infrastructure and the education and health of our populace.

We expect a lot of government, and we seem to expect it will do its job well at a minimum of cost and be neither seen nor heard except in times of crisis.