Seeking Alpha

Prudent Man CFA » Comments » AZ

  • SEC Shorting Restrictions: Are Some Banks Being Set Up? [View article]
    What is interesting is that ten of the nineteen or 53% are Foreign Banks!

    Then you have the GSE's so actually 60% of the Commercial Banks protected by The SEC are controlled Foreign Bank shareholders.

    How blatantly bias can the SEC be? If they did their job for the past ten years instead of being controlled by the "Street", which actually they always have been but not so blatantly, none of this would be necessary.

    For your readers who are not aware of this, the Federal Reserve Board does not examine banks. The Comptroller of the Currency (Treasury), FDIC (which is a government corporation financed by bank insurance premiums, and the various state regulators. So when you see the media and politicians complaining about the Fed's audit of banks (banks do have "independent" auditors, which is a farce) they patently do not know of what they speak.
    Jul 18 09:19 am |Rating: 0 0 |Link to Comment
More on AZ by Prudent Man CFA
Comments by Ticker
AA, AAPL, AAXJ, ABI, ABT, ABX, ACH, ACI, ACS, ACTL, ACWI, ADBE, ADM, ADRE, ADSK, AFK, AGG, AHBIF.PK, AIB, AIG, AKP, ALTR, ALVR, ALXN, AMAT, AMD, AMGN, AMLN, AMZN, APA, APC, APOL, AWF, AXP, AZ, AZN, BA, BAC, BBI, BC, BCE, BCS, BFSB, BG, BGU, BGZ, BIDU, BIL, BIV, BK,
Prudent Man CFA is a
Top 100 Commentor
733 comments
Rating: 1348 (2837 - 1489 )