The President and SEC are cracking down on Wall St.
The president is supporting the SEC push for tougher penalties for companies that break the law repeatedly. The crackdown comes as a federal judge rebuffs a SEC/Citigroup settlement. Basically, the country is still reeling from the mortgage meltdown and people want those Wall Street companies to pay. Jacob Frenkel, a former SEC enforcement officer who is now a partner at Shulman Rogers law firm, explains the war going on between Wall Street and the SEC.
Also in this edition of Capital Insider, the Government Accountability Office talks about its new report making headlines across the nation. Basically, analysts from GAO looked at foster children in five states and found they were on five times the amount of psychotropic medication compared to a kid who's not in the foster care system. The report comes as foster children as young as 12-years-old testified before a Congressional panel about being fed drugs. Even infants have been taking these drugs.
No comments
Post a Comment
Your official 2 cents