SEC Plans to Rein in Wall St.
SEC's Cox's response to Bear collapse is to call for greater agency oversight over the four remaining "consolidated supervised entities" -- Morgan Stanley, Goldman, Lehman and Merrill --- giant firms that do not have a bank that subjects them to Fed supervision. Cox has called for more disclosure about capital and liquidity and a reduction of short-term financing. WSJ Heard on the Street column questioned whether additional disclosure about capital and liquidity would be useful to investors. Reducing leverage might be useful, although Street will complain that SEC turning "pit bulls into poodles." A good thing? WSJ,5/9/08 The SEC's Show of Force.
Where Are They Now?
Link to Portfolio.com interactive feature...for notorious White Collar criminals