JPMorgan Hearing: Market Regulators Warn They're Broke, Outgunned By Wall Street

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JPMorgan Hearing: Market Regulators Warn They’re Broke, Outgunned By Wall Street

JPMorgan Hearing: Market Regulators Warn They’re Broke, Outgunned By Wall Street

Don’t buy this! They only go after the lower wall street wrongdoers and we’ve witnessed this time after time. Maybe instead of letting them “neither admit nor deny” and really put some skin in the game that punishes them, they wouldn’t have got this far.

AND now they say they’re broke???

HuffPO-

Two of the most important financial regulators in the country have a message for Congress: We need more money.

At a hearing before the Senate Banking Committee Tuesday morning, Securities and Exchange Commission Chairman Mary Schapiro and Commodity Futures Trading Commission Chairman Gary Gensler told lawmakers that the demands on their agencies to expand oversight are growing, but that their pocketbooks are not.

[HUFFINGTON POST]

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