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Reader comment on:
Ex-SEC Official Blames Agency for Blow-Up of Broker-Dealers

Submitted by Barry Ritholtz, Sep 18, 2008 05:32

Reckless leverage and too little capital are at fault. And now we find out that irresponsible and excessive deregulation was also involved. This is a very significant observation -- nice article.


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Other reader comments on this article

Comment By Date

Fire Cox. Changing successful rules, helping to increase leverage, stopping the uptick rule refusing to stop naked short selling and... [MORE]

jerry

Sep 22, 2008 16:39

None of this could have happened if the dollar was based on something real and tangible like gold. Is it... [MORE]

Don

Sep 21, 2008 21:50

Bill Donaldson (Wall St's DLJ founder) appointed to SEC by Clinton. Getting rid of the 12 to 1 capital requirement... [MORE]

Davidjjh

Sep 21, 2008 19:06

"The failure to stop stock market manipulation and naked short selling was a disaster." That's the long and the "short"... [MORE]

Gates

Sep 21, 2008 09:23

I'd like to know what oversight committees were involved in this approval for the SEC, including the make-up of each... [MORE]

George H. McElhiney Jr.

Sep 20, 2008 17:19

senator richard shelby of alabama and republicans controlled senate when the sec rules change went through, with their connivance. reporters... [MORE]

el rojo

Sep 20, 2008 10:18

Was not Henry Paulson the head of Goldman Sachs, which will be the only broker-dealer firm to survive? Now, Mr.... [MORE]

John Roe

Sep 19, 2008 14:34

Stop trying to blame the SEC and Bush for everything. The simple fact is that Bear Stearns and Lehman Brothers... [MORE]

rex

Sep 19, 2008 08:26

The rule change was about short selling It was done 18 months ago and now we have this. At worst... [MORE]

John Doe

Sep 18, 2008 15:06

Wasn't this disastrous 2004 change initiated by Bill Donaldson a former SEC Chair and Obama supporter? [MORE]

Von123

Sep 18, 2008 12:11

In 2004, the European Union passed a rule allowing the "SEC's European counterpart to manage the risk both of broker... [MORE]

Don Mynack

Sep 18, 2008 10:45

No - the firms bear their own responsibility. Whether or not the rule change was appropriate, the distressed firms were... [MORE]

Matt Lechner

Sep 18, 2008 10:15

A question: What role has the cost of the war in Iraq had on any of these failures? Is there... [MORE]

John Doe

Sep 18, 2008 08:33

Assuming the rule change to be true. The next question is what firms and what lobbyist pushed this through? For... [MORE]

Don

Sep 18, 2008 07:19

Reckless leverage and too little capital are at fault. And now we find out that irresponsible and excessive deregulation was...

Barry Ritholtz

Sep 18, 2008 05:32

Comment on Ex-SEC Official Blames Agency for Blow-Up of Broker-Dealers

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