If Congressional bickering over the federal budget ends up forcing the government to shut down on Friday, one of the lightning rods of recent debate -- the SEC -- will have to shut down with it, Mary Schapiro says.
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Although a skeleton crew of SEC monitors will be allowed to keep watching the markets to ensure that immediately dangerous activity doesn't run amok, Schapiro says all other surveillance will have to go dark.
This, in turn, would expose the investing public to a fair amount of risk, but would at least demonstrate just how valuable the regulators are.
Must-read interview with Schapiro in next month's Investment Advisor.
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