Whats happening on Wall Street today thats hurting people in Ohio and other ordinary Americans?
Well, we certainly saw over the course of the sharp financial crisis that we have experienced that there were many questionable practices on Wall Street. Sloppy investing; inadequate disclosure of material matters to consumers and investors, [like] investors in retirement systems — people we represent. To us, many of these we think are classic violations of securities laws. There wasn’t a lot of oversight from an SEC that wasn’t even detecting Bernie Madoff’s efforts — just a really lax system. We believe that there have been a number of different instances — which we have brought suit here in Ohio — where those lax practices violated federal laws or in other cases state securities laws — harmed our pension systems or harmed our retirees and investors. We’ve brought suit seeking compensation which we think is a traditional, bed-rock principle of the securities law system we have in this country. Anything in particular that’s still hurting folks? What you are seeing now is the SEC
