Word: walling
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...always been ruled by commissioners appointed by the president. There are four commissioners, two Republicans and two Democrats, and a chairperson. The incoming president chooses two commissioners from his or her party. Once the commission is formed, the inevitable political bickering begins, with nary a beneficial outcome to Wall Street or Main Street...
...that they seriously consider that the majority of important commission votes have ended up strictly along party lines—three-to-two or two-to-three. Most recently, the vote to bring suit against what President Obama has implied as the center of all evil on Wall Street—Goldman Sachs—broke down to a vote of three Democrats against two Republicans. It was blatantly obvious to everyone that the SEC was politically motivated to bring this suit now so as to move the financial reform bill forward in the Congress. Whether true or not, that?...
...above is not the case in today’s enforcement practices on Wall Street. Today, an SEC examiner comes to do an audit with a preconceived notion that there is something illegal happening. Then he or she finds something that isn’t illegal, forms the perception that it is illegal, and ties up the firms and the SEC’s legal apparatus for years. The only people getting rich here are the lawyers...
...hours—it was very heavy stuff,” said Wolff, then a philosophy and general education instructor. “When Moore was done with them he’d pass them off to me. The kids were just plastered up against the wall. The first week’s reading was the ‘Wealth of Nations.’ We were insane...
...BRICK IN THE WALL OF APARTHEID