"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Sunday, July 21, 2013

SEC Is Inept

Jim Cramer, a well known insider trader and legal limit pusher, helped Preet look strong when he needed to and also did his best to find out what the SEC actually knows regarding new technology and insider trading.  The SEC is a shell organization and a lame running joke regarding regulation of a fair and orderly market.  Preet acted tough and put on a face until Cramer asked about (what one could assume is is own tactic) using Snapchat to sling insider info (though we all know twitter DMs work and so does taping seal envelopes to the underside of picnic tables in the local park).  Enjoy the farce that is the SEC, an organization we're paying for with our taxes who missed HFT & Madoff to name a couple, and wastes our money on MIDAS and Brazzers.

"People should be fearful of bad conduct they've committed catching up to them" - Preet

The SEC, America's barking dog that never bites the hands that feed

At 1:47 is the give away of the problem faced with have geriatrics running federal organizations

Also, here is the latest document against SAC as SEC attempts further capital raises to pay for the industry to create programs to help the regulator monitor the industry...it's wonderful clusterfuck we've allowed these people to make.