Do people know not what they do?

There have been some interesting changes over the last couple of years at the SEC. Please take the time to examine how lobbying, computer risk modeling, and changes to the "Net Capital Rule" may have increased the magnitude of the financial crisis.

Here are the links:

Step One: Understand the history of the SEC (Examine the 1933 and 34 Acts).

1.http://www.sec.gov/about/whatwedo.shtml

Step Two: Check out the lobbying.

2. http://banking.senate.gov/00_02hrg/022900/paulson.htm

Step Three: Look at how the rules were changed.

3. http://www.sec.gov/rules/final/34-49830.htm

Tell us what you think......