SAME AS THE OLD SEC
Her new lap, er, watchdog breathlessly announced this week that they had fined big bad GE $30 million dollars for lying in their financial statements filed with the SEC. For those of you that don't know, that is a felony.
The stockholders, who had zippo to do with the blatant fraud, will pay the fine.
GE executives, who received over one billion dollars in bonuses during the days of fraud will pay
Not a fucking penny.
That makes sense.
Meet the new limp dick; same as the old limp dick.