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I am absolutely SHOCKED!

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December 17, 2008 – Comments (4)

 

Wow, here's a big shocker:

"U.S. Securities and Exchange Commission Chairman Christopher Cox said the agency failed to act for almost a decade on “credible and specific allegations” of wrongdoing by Bernard Madoff, who authorities say bilked investors of as much as $50 billion."

Don't worry about all those billions of dollars that investors were rooked out of and that whole ratings agency issue, we nailed Mark Cuban and Martha Stewart to the wall (neither of whom I like, but still).  Good grief, what will it take for Chris Cox to get canned already.  The SEC is a bunch of morons.

SEC Failed to Act on ‘Credible, Specific’ Madoff Tips, Cox Says

Deej 

4 Comments – Post Your Own

#1) On December 17, 2008 at 8:38 AM, carcassgrinder (40.76) wrote:

More accurately....they are criminals.  It has almost reached the point of comedy how this very organized extortion of tax dollars and enslavement of the US economy to central banks has been played out right in front of our faces.  Yet the masses continue swallow the bull$hit their being fed...refusing to believe that this could be an organized effort.  They've bought into the propaganda of labeling any criminal accusations as conspiracy theory.  IMO....this is not a conspiracy.  If it were....Paulson would try a lot harder to hide his actions....he does not....this crime is played out in real-time on TV.  The head criminal stands at a potium and tells you exactly how he is going to rob you.

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#2) On December 17, 2008 at 9:29 AM, TDRH (99.66) wrote:

This ponzi scheme is small time compared to how we are being robbed by FICA (Social Insecurity).     We are bankrupt, the only way to cover the debt is to erase its value with inflation.  

 

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#3) On December 17, 2008 at 9:53 AM, outoffocus (23.25) wrote:

Oh I didnt know it was still National State the Obvious week.  Maybe its national State the Obvious month. In other news, Bush didnt really win the 2000 election...

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#4) On December 17, 2008 at 9:55 AM, outoffocus (23.25) wrote:

TDRH

After the US defaults on its obligations and we experience massive inflation, expect a news story 3 years later saying, "The US is bankrupt says former Treasury Secretary Hank Paulson".....

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