November 30, 2003

SEC budget slashed

It's comforting to know that Martha Stewart hasn't been forgotten.

Unfortunately, it's looking like the Bush Administration (predictably) has no interest in prosecuting corporate crime beyond merely staying out of the way as Martha Stewart is lamb-ified and sacrificed.

Nathan Newman links to a story (via The Big Picture) about the cutbacks in the SEC's enforcement budget. As Newman puts it: "Thank god for New York Attorney General Elliot Spitzer, who is about the only force out there putting any check on corporate corruption of the financial markets."

Posted by Carey at November 30, 2003 09:00 PM