A heartbreaking snapshot of what we’ve been reduced to, from the New York Times’ DealBook:
The Securities and Exchange Commission and the Commodity Futures Trading Commission are struggling to fill crucial jobs, enforce new rules, upgrade market surveillance technology and pay for travel.
On a recent trip to New York to tour a trading floor, a group of employees from the commodities watchdog rode Mega Bus both ways, arriving late to their meeting despite a 5:30 a.m. departure. The bus, which cost $30 a person round trip, saved the agency roughly $1,000 over Amtrak.
Is this a story about how badly the CFTC is underfunded, or about the uselessness of Amtrak subsidies? I can’t tell, but Megabus is awesome.