The SEC as a Political Agency, Nothing More, Nothing Less

10-08-2009 • Economic Policy Journal

Meanwhile, the SEC won't go near a case of real insider trading that appears to circle around members of Congress, where the market took off when only select few knew that Warren Buffett, in the middle of the financial crisis, was going to announce a multi-billion dollar investment in Goldman Sachs.

At the same time, this SEC harrasment goes on, the SEC has in the past, and continues, to ignore the flagrant warnings signs of fraud and insider trading by the politically connected, such as Bernie Madoff and those circling around the mysterious trading that occurred after a confidential briefing of some powerful congressional leaders.