Despite (or maybe because of) my recent SEC criticisms, I was surprised to get a personal email from someone at the agency telling me about their new usage of Twitter!
Their address is : http://twitter.com/SEC_Investor_Ed
Now if only, as Bill Fleckenstein mentioned last night, there was some sort
of agency charged with making certain that publicly traded companies
didn’t simply lie all the time about their financial circumstances and
prospects. While its nice to have an agency — I forget the name — that’s in charge of
stopping naked short selling and rumor-mongering. Perhaps we could expand its authority, and even empower it to police publicly traded
companies as well!
David Blitzer, managing director and chairman of the Index Committee at Standard and Poor’s, discusses the latest S&P/Case Shiller home-price index, which showed price declines continued to worsen in May:
Home Prices In May Took A Steep Fall
WSJ, July 30, 2008