And I would have liked to see some context on this reporting:
Some Republicans argue that the regulators’ cries of poverty are overblown. The S.E.C.’s budget this year is $1.18 billion, up 6 percent over 2010 — and nearly triple what it was a decade ago.
The Times should have given us a sentence or two on why the SEC is still struggling despite the big budget increases of the last ten years. Presumably, it’s mostly because its mandates have increased.
But this is good reporting on a serious problem.
You have to bet those besuited regulators on the Megabus sit there daydreaming about the revolving door for much of their four-hour ride. This one anecdote tells you all you need to know about the disparity of resources between Wall Street and the government types trying to regulate it.