...this is one of the most underreported issues in the nation. The SEC, like the FCC has been one of the most disappointing agencies that should have been reformed under the Obama administration, but instead was allowed to fester in a culture of negligence and corruption. Is it the sinister influence of Tim Geithner? We may never know, because much of the incriminating documentation has been systematically destroyed.

Taibbi again shows why he is the best muckraker raking today.

Yes, it is good journalism. Wall Street was set up to secure funding for America industry and to foster it. It used to be regarded as the bastion of capitalism. Yet ever since Greenspan took the reigns and solved every economic problem, and for all I know his dog's incontinence, by printing money and miss-pricing it, Wall Street has been morphing into a slot machine run by spivs. Greenspan unshackled the banks for prudent regulations and they went into an orgy of lending. The SEC seems to have aided and abetted Wall Street at every turn. When are the people of America going to reclaim their politics and their economy. Rather than looking overseas, in particular towards China, I think you will find the problem is closer to home.