The SEC vs Steve Jobs

The SEC has rushed in to protect investors from a single individual who is arguably the most impressive wealthy entrepreneur in the United States. Securities industry sleuths may be suspicious that the successful Apple Computer founder could be feigning a terminal illness in an effort to pocket fifty cents. Steve Jobs has made huge fortunes for millions of individuals, mutual funds and pension funds all over the free world.

Pity that nobody was home at the SEC during the Clinton years when the subprime fellas emptied trillions of dollars from the pockets of seniors and the coffers of huge corporations. That travesty generated a terminal prognosis for our very way of life.

Sorry folks, but both Steve Jobs and the SEC are in trouble. The difference is that Jobs did nothing to deserve his illness or his prognosis. The same cannot be said for the SEC.

For his sake, I hope that Mr. Jobs is not terminally ill. Unfortunately, there is no possible way that the SEC can recover from its catastrophic oversight lapse.