This time around, I have had more than a few people in my office weeping with fear about what might happen to them because one person or another was looking into their behavior.
Mary Shapiro expresses concern over fear and anxiety within the SEC due to political scrutiny.
Share
More from Mary L. Schapiro
The transparency is really the critical piece here because it allows market participants to understand.
It is a symptom of the times and a political culture that is quite frankly seriously 'nuts.'
If people understand in the marketplace the institutions will be unwound, they will be permitted to fail.
I believe that the definition of 'accredited investor' as it stands today does a poor job of screening out people who are unsophisticated.