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SEC gets a beatdown over Madoff


Last Edited: February 6, 2009, 4:47 am

If they had spent as much effort on Madoff as on Martha...

If I ever need someone to substitute write for my blog... Green laugh

Entry #204


jarasanComment by jarasan - February 6, 2009, 7:19 am
Where was the congressman and the SEC on Fannnie and Freddie, or whoever was overseeing that boondoggle? Fannie and Freddie made more than $50B disappear!
Rick GComment by Rick G - February 6, 2009, 10:39 am
I'm still looking for the $2.3 Trillion 'lost' by the pentagon as reported by Donald Rumsfeld on 9/10/2001. Too bad the jet took out all the records and employees working on that particular problem.
justxploringComment by justxploring - February 6, 2009, 12:23 pm
Rick Sanchez says "an unbelievable story of government ineptitude"

Really? How "unbelievable" is it when the same people who screwed up in New Orleans just sent residents in Kentucky emergency food kits possibly tainted with salmonella? Okay - not the SEC, but FEMA is a government agency.

One year my income was "suspiciously too low" and the IRS wanted to know how I was paying my bills (seriously) No problem, everything was kosher and the examiner was very nice, but it shows that a red flag alerted a government agency when a taxpayer was struggling, but when an investor is making billions, massive fraud goes unnoticed. Huh?? Yes, not the SEC, but the IRS is another government agency.

So what's the answer? Doesn't the Constitution & the Declaration of Independence give us the right to overthrow the government when it fails and no longer serves the good of the people?
KaptainessComment by Kaptainess - February 6, 2009, 4:34 pm
I saw this on CNN yesterday, and wondered why they don't throw those Jokers in jail for contemp! These Jokers are suppose to be our watch dogs and they act as if they were working for the crook! Sadly, our Government is not for the people anymore, but somehow Big Business and Crooks run it via money and perks. The worst part about all of this is this; there isn't a way out for us because money is power and power hungry people will risk it all no matter what happens to others. I'm even sad about the news media, once they would investigate wrongdoings, now they are in bed with the politicians and big business. Don't get me wrong, there isn't anything wrong with big business, but when they do the American public wrong it's time to put brakes on them. I am so angry about what is going on and don't know what to do about it. I see our beloved USA going down the tubes more everyday and those Jokers in Washington will not do a thing to stop it. All they want to do is fight about what should be done, want to be the winner, and da** Americans.

We as a People use to take to the streets and protest, march on Washington to express our outrage. I think the ones that still would like to do this has health issues that prevents this, or just think things are so hopeless than it won't do any good. I don't feel that way!! I say MARCH ON WASHINGTON!! Show them that we won't take this crap anymore and we want OUR Government to work for US!! Whew!
konaneComment by konane - February 6, 2009, 5:32 pm
Sounds like an old time Democrat, good for him!
TigerAngelComment by TigerAngel - February 7, 2009, 2:54 am
Saw this guy on CNN and loved it. Thanks for sharing it here ;-)

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