How to Budget for the SEC
Jan 23, 2025•40 min
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Episode description
This is the second in a two-part series with my dad, Diego Ruiz. In the first episode, we discussed his time helping run a political campaign in Nicaragua, and later his time staffing California Representative Chris Cox. Today, we jump ahead to his time as executive director of the Securities and Exchange Commission (SEC) during the 2008 financial crisis.
In this episode, we discuss:
* Why the SEC can’t fund itself
* What not to say to congressional appropriators
* How the SEC missed the Bernie Madoff scandal
* Why it’s so hard to staff up an agency
* What agency rulemaking will look like in the future
Read the full transcript at www.statecraft.pub.
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