John Bullard: SectorIX board’s failure to act stopped its fishing
For New Englanders, Atlantic cod is not just another fish. The Sacred Cod that hangs in the Massachusetts State House is a testament to the cod’s place in our culture and history. For centuries, we fished for cod, as we watched the stock decline, we tried various ways to protect the resource this is considered as much a birthright as a commodity. In 2009, the New England Fishery Management Council under the Magnuson-Stevens Act, agreed to try a system called “catch shares” which worked well on the West Coast. click here to read the op-ed 20:52 
Sector X could not be reached for comment….. Regulations already put most of em out of business