MasterCard to monitor ‘far-right’ cash flows

Are "We" already being subject to a social credit score?

Investors, Regulators Laid Path to 'Flash Crash'

http://online.wsj.com/article/SB1000...LEFTTopStories

Has anyone who makes or breaks set in place regulations ever thought about the future consequences of what they're doing? Because it doesn't seem to me as if the thought has ever entered their mind.

As the Securities and Exchange Commission finalizes its report on the May 6 "flash crash," it is being forced to confront the fallout of its own decisions—which Wall Street sought and cheered—that ushered in an era of fast trading dispersed across dozens of venues.

But the flash crash, he says, shows there have been "huge, unintended consequences."

Judge balks at SEC's settlement with Citigroup

http://www.washingtonpost.com/wp-dyn/content/article/2010/08/16/AR2010081604807.html




A federal judge refused on Monday to accept a $75 million settlement between the Securities and Exchange Commission and Citigroup, marking the second time this year that a judge has questioned whether the agency had exacted the proper sanction from a major bank.

During a hearing on the settlement, Judge Ellen S. Huvelle of the U.S. District Court for the District of Columbia raised questions about the SEC's investigation into Citigroup, and how it decided on the size of the penalty and on the individual executives who also face sanctions, according to lawyers who were present. She asked why company shareholders must ultimately bear the price of the sanction, and why the agency charged only two executives with wrongdoing when more senior executives were involved.

Huvelle demanded additional information from the SEC and Citigroup, ordering the parties to file briefs and scheduling a hearing for late September.