As part of an overhaul of the Enforcement Division announced last month, the SEC has reportedly hired Adam Storch, 29-year-old ex-Goldman Sachs (GS) fraud analyst, as the unit's first chief operating officer.
Are you ^*&%$'ing kidding me?! Just when I thought the SEC couldn't get any more stupid, inept and corrupt.
When Reagan appointed Regan (former Merrill CEO) as Treasurer the private to Govt line of ethics was crossed, and a new precedent was established. Now the line has been completely vaporized and a full circle Govt to financial sector ponzi has become policy.
Ha ha ha that is a good one. 29 yr old heading up enforcement & from GS to boot-incredible. In another related move Ahmadjihad has been named new religion czar.
OK, so the average pay for a GS employee fell this year to a paultry $680K or so? Our new SEC COO a ran department there, so his pay could have been concievable higher. We should all be very thankful he's put those capitalistic tendencies behind him and assumed a position of public servitude for all of us at a cost far less than the market rate as I'm sure our pay czar will attest to. Thank you Adam.
In all seriousness, I agree with you. Goldman attracts and produces the best in the biz, so at least the SEC is moving in the right direction by hiring industry folk instead of more unlearned lawyers. I wonder what Adam is getting paid... and if it's made public...
rick flair: why do you goofs keep trying to talk the market down? can't you look at a simpleton chart?
27 minutes ago
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When Reagan appointed Regan (former Merrill CEO) as Treasurer the private to Govt line of ethics was crossed, and a new precedent was established. Now the line has been completely vaporized and a full circle Govt to financial sector ponzi has become policy.
I'm sure Adam is a nice enough lad, well positioned for years of service for his handlers in the Bankers without Borders (or consciences) club.
In all seriousness, I agree with you. Goldman attracts and produces the best in the biz, so at least the SEC is moving in the right direction by hiring industry folk instead of more unlearned lawyers. I wonder what Adam is getting paid... and if it's made public...
On Oct 16 11:01 AM winnersdon'tquit wrote:
> "Change we can count on"...yeah right