April 23, 2010

WHEN THE PRIVATE SECTOR FAILS, THE SOLUTION IS MORE GOVERNMENT. WHEN THE GOVERNMENT FAILS, THE SOLUTION IS MORE GOVERNMENT: SEC and Pornography: Workers Spent Hours on Porn Sites Instead of Stopping Fraud.

Related: Obama Treasury official who worked on subprime markets is writing consumer financial protection legislation? “An Obama Treasury department official behind the consumer protection language in the proposed financial reform legislation is a former head of the Center for Responsible Lending (CRL), the advocacy wing of a non-profit community development lender funded by none other than John Paulson — the billionaire who worked with Goldman Sachs to package bad mortgages into securities and offer them on the market.”

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