Thursday, September 24, 2009

Finally, some regulatory action

Maybe it was the pretty pictures.

But whatever it was, the SEC has finally awakened to at least some of the most egregious crime going on in the financial markets, filing an insider-trading lawsuit in Dell’s takeover of Perot systems.

Maybe, at long last, this is the start of something good. It couldn’t come at a better time — retail investors are about to get left holding big bags with designer labels on the outside and lots of something warm and brown on the inside.

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