by Bill Singer
Bill Singer's July 4th Holiday Rant Now Online at Huffington Post. The Fireworks Start Early!!
July 2, 2010
[I]f I see one more self-serving television ad from BP, if I see one more politician in socks and shoes walking on the beach with his shirtsleeves rolled up, I'm going to throw my television remote through my screen. Don't these idiots get it? Disasters are not wonderful opportunities for a photo-op! Having set in motion the causes of this ecological disaster, BP wants me to thank them for giving folks shovels to clean the beaches? Having failed to timely respond to the leak with an effective containment plan, government officials want me to applaud their televised hearings?
I am not a fan of the time-wastin' speechifyin', masturbatory roundtablin', and high-fallutin' blue-ribbon panels that enervate our government. Sadly, we are saddled with legislators and regulators who belatedly cobble together ineffective solutions for yesterday's problems, or opt for abject inaction that paves the way for tomorrow's crises. In the end, we get neither an ounce of prevention nor a pound of cure. E Pluribus Unum has been replaced with Too Little, Too Late.
Among the worst examples of institutionalized procrastination is the United States Securities and Exchange Commission (SEC). More often than not, my commentaries about the SEC are filled with pointed barbs -- sharpened from frustration with the federal regulator's inability to do its job. Consider my May 2010 blog: LOST: One Securities and Exchange Commission Regulatory Priority . . .
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