Feb 4, 2012
Securities and Exchange Commission
Dear Commission,
Right now, Super PACs don't have to disclose their unlimited corporate donations. That means they can keep the public in the dark about who's funding the attack ads that bombard their TV screens daily.
That's why I'm joining with the 14 United States senators who formally asked you to use your regulatory authority to require that corporations disclose their spending in elections.
SEC: Exercise your regulatory authority to require public disclosure of corporate political contributions.
Also, everyone employed by SEC with ties, either former or present, to the entities SEC is supposed to be regulating, please resign! The is the first step needed to renew the integrity and mission of the SEC.
The second thing that needs to be done is to actually start regulating and disciplining entities such as banks, corporations, and Wall Steet that led to the Great Recession of 2008 and continuing. If SEC does not fulfill its mandate, it should be dissolved and replaced by an actively working regulatory agency, an agency not in bed with those it is charged with regulating, an agency that is a functioning watchdog and enforcer for the benefit of the American public.
The SEC could have averted the Great Recession if they had been doing their job, but they haven't been doing their job, and so they share the blame for the Great Recession and should be put on trial and subject to punishment, penalties, and incarceration.
When will justice be done in this country against those who most flagrantly flaunt its laws, shirk their regulatory duties, and cause massive long term distress and impoverishment to the American people?
Sincerely,
Marcia Pieters