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How Would the SEC Change Under the Fed?


Our unscientific poll.


Soon after FEMA replaced the CIA as the most-incompetent federal agency, the US Securities and Exchange Commission (SEC) decided to make a claim for the crown. For the past few years, the SEC has done its best to do its worst: A complete absence of oversight, an active disregard for red flags, and a generous dash of cronyism.

In response to the SEC's inefficiency, President Obama is considering shifting some of its responsibilities to a new commission under the Federal Reserve.

With the transfer in powers, Minyanville asks: How would SEC operations change under the Federal Reserve?

How Would SEC Operations Change Under The Federal Reserve?

Bankruptcies of US industries and sudden increases in government subsidies made simultaneous.

With most economic problems stemming from congressional legislation, the agency can better pinpoint the source of the trouble.

Job performance now largely dependent upon state of economy.
"Blue-sky laws" renamed so as to avoid any suggestion of environmental funding.

Compared to the national debt, defrauding people of mere millions will be deemed an acceptable loss.
Heads of Ponzi schemes given top-level-adviser positions.

Pitch-perfect representation of the old saying "It takes a thief to catch a thief."
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