Posted on Monday, April 26th, 2010 | In Market Commentary
The wide range of revenue generating activities at investment banks have all been perfectly legal for so long now -– despite the many potential conflicts of interest — that it’s difficult to appreciate the SEC finally getting around to calling a spade a spade.
What’s far more surprising is what the SEC’s been up to in all of its spare time. Given their newly publicized occupational habits, one can only imagine what kind of “documents” this character pulled from his overflowing “X” file to tote around today.
SEC Worker may Need new Glasses From too Much Computer Time originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day." Check out our new special report Investing in Offshore Oil
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Best-selling investment author Bill Bonner is the founder and president of Agora Publishing. Owner of both Fleet Street Publications and MoneyWeek magazine in the UK, he is also the author of the free daily e-mail The Daily Reckoning. Written in a wry, witty and often irreverent manner, The Daily Reckoning has offered its over 500,000 readers insights and advice not offered by today's mainstream media. The DR looks at the economic world-at-large and offers its major players - investors, politicians, economists and the average consumer - some much-needed constructive criticism.