Complete video at: http://fora.tv/series/monitor_breakfast Calling out weaknesses to money market funds and underlying structural problems with equity markets, SEC Chairman Mary Schapiro laid out her main concerns about global financial markets at a breakfast sponsored by The Christian Science... More
Added Feb 22, 2012
Channel News
Duration 2:51 | views 483
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Tags money stock financial market markets funds regulation regulations oversight reform investing sec securities exchange commission mary schapiro christian science monitor breakfast foratv fora.tv fora tv
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spanischekompaniess Says:
this woman can be an alien demon,she is in Managed funds association extraterrestrial hibrids
VogonJ Says:
I agree in all that you said, but that was not what I heard here say.. Maybe there are some difuse double-talk I'm not aware of :)
SezSays Says:
She's right. We DO need to make the market safe. How you do that is through regulation. Higher taxes, more jobs created to monitor transactions, more rules outlining the type of transactions, numbers, etc. Investors shouldn't have to worry about the market functioning, they should be able to assume its functioning at peak efficiency. But just like society, you have this reassurance because you have government over-sight making sure that there are no rats in your hamburgers etc.
VogonJ Says:
wow Someone living in their own box. Scary hearing this ultra capitalists talk. Defending corporations, investors and money markets.. ooo poor guys getting blamed, "buuu huuu we need to make it better for them"
LibertyDownUnder Says:
"Fairness" is the excuse of just about every tyrant in recent history to get more power and more money from their people. My definition of fairness is accountability. You screw up - you pay. Auto companies, hedge funds and Wall St banks should get $0 from tax payers. This whole bailout worked against the people, and for irresponsible unions & management teams.
freesk8 Says:
She's worried about the flash crash cause? Who cares? That was a transient glitch. But MF Global, now that kind of thing she should be worried about. If Schwab and TD Ameritrade and Smith Barney go under and investors lose 30% of their assets because the brokerage houses were "re-hypothecating" their customers' assets and investing them in Greek debt, then we are all up a creek. But Corzine will never get prosecuted. He's too politically connected. That's what she should worry about.
GBS990 Says:
Love it when the regulators wring their hands and say, gee maybe this is a rigged game and the little guy is the bumper.
Ramsez Says:
she sounds like she's talking to her baby daughter
laurasIs2c Says:
YOU are a censuring board and nothing more....no wonder no one else has bothered to post!
laurasIs2c Says:
Why aren't you asking this person the hard questions of why her staff has not been a greater advocate for the public who pays her and her staff. At the end of the day her job was and is to assure honesty to the stock holders and thus the accounting must be real...the description she gave is a position for CEO kiss ass and nothing more...It must be hard to face her lack of party invitations with great booz!