SOX Center

Roger Ehrenberg submits: I feared this day would come. And it’s here. No, not just the saber-rattling and moaning about how hedge fund and private equity-types are too rich, how hedge funds are increasing investor risks and debt buyers are accepting overly-liberal terms fueling the private equity juggernaut and the like.

But a newly-energized Democratic Congress starting the process of shaping the SEC dialogue around these and a host of other issues to flex their muscles. I’m trying to wake up and enjoy my coffee (jet lag, you know) and I have to click on a Wall Street Journal story titled (Entire) SEC Makes House Call - not the way to start a day:

WASHINGTON — In the latest sign Congress is turning a skeptical eye toward Wall Street, an influential House committee is set to hear testimony from all five commissioners of the Securities and Exchange Commission today — the first time that has happened in at least 10 years.

Yahoo.com: Congress Flexes Its Regulatory Muscles