Lehman Bosses Walk, While Small Fry Walk The Plank. SEC is Owned by BigBoys on Wall Street

Our Government Agencies Refuse to Investigate The Really Big Players (probably because this includes investigating themselves)

Jonathan Weil:
http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_weil&sid=aVRIgJ_Bry5w

"... The SEC contends they misled investors about the money-market fund’s health before losses on Lehman Brothers Holdings Inc. debt securities forced the fund into liquidation last year and created a near panic in the money-market industry.

It might be years before the suit is resolved; the defendants are disputing the SEC’s claims. Let’s stop and dwell on the irony for a moment here: The first people to get pinched by the SEC in connection with the collapse of Lehman Brothers didn’t work for the bank. They were two guys who invested other people’s money in Lehman Brothers and lost a bundle.

Almost eight months after the New York-based investment bank ended up in bankruptcy court, none of the firm’s executives has been accused by the government of doing anything wrong, although plenty of investors claim to have been misled about its health. It’s quite possible that nobody from Lehman Brothers will ever be called to account.

No Promising Sign... "