All you individual investors might want to just slit your wrists now so as not to prolong the suffering:
President Bush chose California Rep. Christopher Cox on Thursday to run the Securities and Exchange Commission, assigning him the delicate regulatory dance of protecting investors' rights while not stifling business...
Business groups, which view some SEC regulations as overly burdensome and would like to see them loosened or overturned, welcomed Bush's pick. Advocates for individual investors voiced concerns that Cox might do just as business hopes.
A suitably snarky comment escapes me at the moment.
UPDATE: Just in case you're not sure why you should be afraid.
2 comments:
Fortunately an increasing number of Americans like myself are too poor to invest in anything other than food, rent, etc.
hmm... I should get my comic books from my parents' garage.
Isn't it funny how shareholders are willing to screw workers in order to increase profits (thus increasing share value), but at the same time, the executives are screwing the shareholders through fraudulent accounting?
Perhaps, as a matter of course, all executives should be thrown in prison for 6 months each year, just because they're guilty of something.
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