TYT: SEC Insider Shows The Only Thing That Works Is The Revolving Door

[DeSwiss]

The Young Turks ·Published on Apr 13, 2014

"A lawyer from America's Securities and Exchange Commission (SEC) has launched a broadside against his bosses during a leaving speech, accusing them of being too soft on wayward Wall Street chiefs in the wake of the 2008 credit crisis.

James Kidney, who retired from the SEC this month after 24 years with the organisation, said in his leaving speech that his bosses had been too 'tentative and fearful' when tackling the behaviour of banking giants.

As around 70 SEC lawyers and alumni looked on, Mr Kidney bemoaned the SEC's focus on being polite."* Steve Oh, Jimmy Dore (The Jimmy Dore Show), Malcolm Fleschner (Executive Producer, The Point) and Jackie Koppell break it down.

*Read more here from Ted Thornhill / Daily Mail:
http://www.dailymail.co.uk/news/article-2600475/Too-tentative-fearful-SEC-attorney-blasts-OWN-bosses-accusing-failing-rein-Wall-Street-leaders-financial-crisis.html

- And btw Jimmy? The system can't be ''fixed.'' You can't fixed something that's corrupted with something that is itself corrupted. It don't work that way. ''System replacement'' is the only real option here......

[blkmusclmachine]

1. +1. "The system is corrupted."

[zeemike]

2. +2 "The system is corrupted."

[Fuddnik]

3. +3 "The system is corrupted."

And we can count on all the corrupted politicians, who benefit from the corrupted system to make it all better.

[scarletwoman]

4. K&R. (nt)