Reply to Will SEC escape RIFs due to large number of exits?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]At another FIRREA. I don't know but I really think they want to fire people, across government, and in a substantial amount from every agency. In the blow-up cabinet meeting, when Elon was yelling at Rubio for not firing enough people, Rubio stated that they had already had 1500 people retire. Musk said that he needed to FIRE people-- not just work with more regular/voluntary attrition. Rubio sarcastically asked if he should stop the retirements so that he could fire them instead. And then at least in a few RIF-related leaks, people have reported that retirement-based attrition, people who took the Fork, and so on will NOT be counted towards the total percentage to be fired.

They are obviously doing a great job getting people to leave because of the toxic environment but I do think they want to make a huge spectacle of it. And for that reason, I don't think anyone is safe. [/quote]

I agree this is the message they are sending. I do however think most financial regulators will be crippled by the voluntary losses. If the SEC loses 1000 people, it will be felt in exams and in those areas that review filings (CF, IM and TM with the SRO filings). The agency, including Atkins, won’t want to lose more. And I think the whole point of Rubio fighting was to make the point that it has to be left to the agencies. [/quote]

Agree with you there. It's all madness. There's starting to be some pushback. I would expect some sort of broad, arbitrary percentage to cut anywhere though. Maybe not 50%, maybe closer to 10%. It won't make any sense but any agency head will feel the need to do something to play along. It's going to be up to each agency head in how much they want to push back. I do think Musk is being more careful with the SEC than anticipated, which is interesting. [/quote]

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