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what do u think the chances are that Congress will actually get rid of the SEC during their 'finl reform' agendas?
and if it happens, how much more effective do u see that new commission being over the current agency?

***Bruce Response: I think there is no chance that Congress will get rid of the SEC unless American’s rise up as one person and demand that we get a system in Washington that actually works to protect us from the big brokerage firms, hedge funds and the other wrong-doers.

This means that you need to write letters to your senators, representatives and the President demanding that they fix the broken system.

1. No one who works for the industry can go work for the SEC.

2. Hire people who actually know what a derivative is. At the current time, the number of people at the SEC who know this is zero.

It’s time for us to demand of our Congress that they do the responsible thing and either eliminate the SEC or radically change it so that it becomes an effective organization. The way to do this is to use outside consultants to go after the bad guys. The real talent out there is with the forensic accounting firms, the really big, good law firms on Wall Street. Those are the people we should be hiring. They would still be getting their high fees, but it would save the country trillions of dollars in losses.

Call, write and email your representatives and demand that they take action now. The only thing they care about is getting re-elected. If we make it clear they won’t be getting our votes, then they will take action.***

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