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Friday, February 11, 2005

Spitzer Not Winning Friends and Influencing People at the SEC

If Eliot Spitzer loses the NY Governor race by a few hundred votes it may be SEC employees who are the swing voters.  According to an article in Ignites this morning,

Just when it looked as if the two regulators were getting along, Spitzer blasted the SEC at a recent industry conference, declaring that the SEC “hired gnomes rather than people who could think,” according to published reports. He also took shots at the federal regulator’s effectiveness, noting that his staff has only 15 people, while the SEC has thousands.

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