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SEC Can't Mollify Harrisburg Deal Skeptics

While current and former SEC officials say the agency could only do so much in its securities fraud case against Harrisburg, Pa., that didn't set well with critics.

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Comments (1)
Perhaps there's a pattern as we look at government regulatory agencies deal with the after math of the financial crisis and the subsequent recession. They didn't do their job before, during or after the financial crisis. A combination of incompetence, bureaucratic foot dragging and institutional cowardice almost guarantees regulators will fail at their most basic functions.
Posted by mdwjr | Thursday, May 16 2013 at 3:21PM ET
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