- Traders Beat Wall Street CEOs in Pay
- Now to Explain the Party Favors
- Fannie, Freddie Touch Off Swaps Scrap
- SEC faces setbacks, skepticism in trying to reform its enforcement image
- Moody’s and S&P reproached
- A grim assessment of L.A.’s finances
- Shortfall Awaits California’s Big Pension Funds
- Apartment Rents Rise as Sector Stabilizes Read the rest of this entry »
Tags: Bonuses, California, Casinos, Compensation, Fannie Mae / Freddie Mac, Financial Crisis, Financial Distress, Mary Schapiro, Moody's, Morgan Stanley, rating agencies, Rental market, SEC, Standard & Poors
Oh to have been a fly on the wall at this meeting: Apparently frustrated over resistance to the Obama administration’s plans to revamp financial regulations, Treasury Secretary Tim Geithner treated an all-star cast of regulators attending a Treasury Department meeting last Friday to an expletive deleted laced rant according to the Wall Street Journal. It’s not exactly clear what naughty words the potty mouthed Geithner spewed at the meeting, but they were apparently plentiful — although supposedly not pointed at anyone specific (uh huh) – that included Ben Bernanke, Sheila Bair, Mary Schapiro and Gary Gensler among others. 
Unbelievable. Someone put the SEC out of its misery. In a baffling move that only serves to make the them look even dumber, weaker and more pathetically useless than ever, the SEC bumblers let admitted Ponzi schemer Bernie Madoff settle civil charges against him without admitting any wrong doing. SAY WHAT??? No wrong doing? Are they f*cking kidding???? In their infinite wisdom the SEC did ban him from Wall Street, but then again, since he’ll likely be spending the rest of his life behind bars after his June 29 sentencing, BFD. Seems like we’re not the only ones amazed…. 
