Now this may sound strange but actually it’s a bit of wisdom coming through in a not so anticipated manner. Many of the individuals lobbying here to support the SEC started there and now are on the other side, and believe me they know what’s 
going on. The agency has long lacked the funds and technology needed to regulate and how are they going to do it without the money. It is a changed world and we lived through a couple prior administrations who were the “non participants” in technology and boy are we paying for it now!
This goes beyond the SEC if you want to drag in other agencies like the FDA and the HHS with their former figureheads. I say that because that was about all they were, Leavitt and von Eschenbach showed little or no interest in technology and had not a clue as to how it was needed in the business world today and the folks in office today are stuck with what they created. What are the former executives doing today, working for hedge funds and venture capital firms, so what does that tell you?
Former HHS Secretary Mike Leavitt Joins Board of Healthcare Financial Services Company
Scary to think the good doctor is over here with Newt and there have been a couple other announcements where he is on the board of a couple medical companies, better than keeping company all day with Newt.
Von Eschenbach Joins Newt Gingrich’s Think Tank – Add a Tiny Bit of Old Knowledge to a Lot of New Methodologies?
Something else that is disturbing is actions like what I reported below, over clocking servers for the need for speed….this could be flash crash plus a dynamic meltdown all in one all the result of not staying within recommended usage, plus it voids all warranties on the hardware. 
Gamers Are Not the Only Ones to Over Clock Processors-Turns Out It’s Done on Wall Street To Run Those Algorithms at Rocket Speed
It's very much algorithmic warfare, with no real thought given to collateral damage.
When it comes to the SEC, the only word we need to hear today is Madoff and it hits you right in the face as to the lack of individuals and technology needed for enforcement. Now we have the “yahoos” over in Congress bearing down and wanting to know what they can’t do a better job, duh? These folks doing the lobbying also want some protection too as they are citizens and they know what goes on, so a little selfish motivation is excused for the sake of SEC funding. Hackers if nobody else though could have the power to soon end the party and then where do they run?
Healthcare Industry Is Not Alone with Hackers, NASDAQ Has Intruders Using Algorithms to Break In-FBI Investigation
Goldman Sachs has a ton of money tied up in algorithms that make profits for them and they spend tons of money on code that makes money for them. In essence when the SEC comes around, if they have any updated technology to audit, they don’t want them in there as we have seen over the last few years none of the banks want the SEC muddling around. I think the more folks that are distracted and addicted to Facebook keeps the wolves away from their doors so if the whole SEC spent half their day on Facebook they wouldn’t mind.
The longer folks sit around and entertain instead of educating themselves, the worse it gets and the banks with their intelligence love to see an illiterate world sit around and play games on Facebook all day, think why does Goldman see such high value here? Maybe this is a bit part of it.
We need IT literacy as it affects lawmaking today and I have nothing against Facebook as I have found old friends, etc. and that’s what I feel it is for and I don’t care for advertisers being able to collect and mine my data 
either so what goes on there is not much, just mostly feeds from this blog. Omnicom was another company mentioned today in which it was mentioned that employees may need lessons on how to use Facebook as PR and advertising is part of what they do.
It’s not Superman, Spiderman or even Wonder Woman that creates solutions and become our heroes, it’s the “Algo Men” with all the data, algorithms and wisdom for innovation and collaboration and they better fund the SEC with the money and funds they need to regulate if we don’t want future Madoffs to appear, and they will in just a little different format.
When it all shakes out at the end, what good are laws if there’s nobody around to enforce them? I read today too even Steve Ballmer at Microsoft is wanting to have more tech people in executive positions within Microsoft, so what does that tell you. It’s the same story I have been posting here for 2 years with Health IT too, nothings beats hands on knowledge and all need to participate so we can get away from this paradigm of “its for those guys over there”.
The only ones that I seem to think are listening to the “those guys over there” routine today is China and they eat our lunch with technology. BD
The Securities and Exchange Commission is nearly broke.
Not just “broke” as in it failed to regulate Wall Street or that it missed catching Bernard L. Madoff’s Ponzi scheme. But “broke” as in it is out of money.
At least that’s what Mary L. Schapiro, the S.E.C.’s chairwoman, has been telling anyone who will listen about the agency’s financial problems. With President Obama planning to freeze the budget and Congress looking for cuts, the department could be deprived of a $160 million budget increase, keeping its annual funds flat at $1.1 billion.
Amid the looming financial constraints, the S.E.C. is cutting back on investigations, halting hiring — Ms. Schapiro was supposed to hire 800 new people this year — and canceling much-needed technology upgrades to monitor the markets. (Think “flash crash.”)
Wall St. Joins S.E.C. in Plea for a Bigger Budget - NYTimes.com
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