The skunk at the garden party

After facing criticism for not discovering/preventing Wall Street abuses, Feds have decided to take action: they are going to party their way up to understanding how Wall Street works.

In a recent Bloomberg article, Matt Robinson wrote about a Miami Beach party where SEC officials were mingling with Wall Street top deal-makers.

The Feds (Robinson dubs them, “the skunk at a garden party”) are going to parties and conferences in an effort to better understand the world of finance.

Well, after missing big Ponzi schemes (like Bernard Madoff’s) the Feds do need to step up their efforts and try to prevent that from happening in the future.

My favorite part of the article:

“The SEC isn’t the only regulator trawling conferences for tips of suspicious conduct.

The Commodity Futures Trading Commission was especially transparent about its intentions

when it set up a booth in the middle of an industry gathering in March.

Attendees at the opulent Boca Raton Resort & Club in Florida

were greeted by smiling agency officials handing out

metal whistles emblazoned with “CFTC” and

mouse pads advertising their toll-free number.”

In case anyone has any doubts, they make it crystal clear what’s their favorite party favor : )

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Mariana Fieraru
Mariana Fieraru, an Eastern European transplant, fell in love with her new home shortly after landing in New York. She "discovered" pizza! Years later she still loves pizza. And so do her two feathered-kids, Sunny and Flipper

Mariana worked on both, the east and the west coast.
Big or small, each project she worked on helped define the importance of gaining and sustaining a competitive edge in an increasingly complex business environment.

Business know-how, love of teaching and writing – all combined in 2006 to form OBI.
Its mission: to make learning fun! And easy.

Through its training, consulting, and publications OBI builds bridges of knowledge to take you from where you are to
where you want to go. Using a mix of serious, informal, analytical, and optimistic approach, OBI truly makes learning fun.

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