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Thursday, January 17, 2008

CNBC asks: Where is the SEC?

Absolutely. The problem is that Bush has destroyed our government institutions and turned them into extensions of business across the board. Read the full exchange and watch the video because there are so many excellent points raised. Whatever you think of Jim Cramer he nails it today. If your blood isn't boiling by the end of the video, see a doctor because you just might be dead.

"I think the financial guys all belong to the same club and they got to protect each other," he said.

Worse, those executives behind the current credit crunch are unlikely to get any punishment for their mistakes and disingeniousness about their numbers, Cramer opined.

"I'm fed up with it. The American people should be fed up with it. And the SEC should be fed up with it," Cramer said.

"This is what the SEC is supposed to protect us from," he added.

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