The SEC cutting back staff
Context: This is a very serious situation in which Congress is questioning SEC staff about the 2007 crisis in which there is a stab at flippant humor. A serious bespectacled congressman is asking questions about why the SEC cut back staff at such a crucial moment prior to the financial crisis when banks ought to have been more strictly regulated. Interrogator in a serious tone: 146 people were cut from the Enforcement division of the SEC is that what you also testified to? Chief accountant of SEC: Yes. Yeah I think there has been a systematic gutting - whatever you wanna call it, of the agency and it’s capability through cutting back of staff. Interrogator in tones of disbelief: The SEC office of risk management was reduced to a staff, did you say, of one? CA of SEC: Yeaahh… when that gentleman would go home at night he could turn the lights out. Source: This is a joke that was told in a real situation during the documentary Inside Job. I don’t want to take credit for it so I’m leaving this at the bottom.
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