First buzzed by: anonymous
More whistle blowers shut up by incompetent, corrupt Government. I knew there was more to this Madoff business. Why were Government offcials so quick to offer a plea deal? Maybe because they don't want him spilling the beans on their involvement.
All the SEC had to do was check to see that no money was going into his financial accounts. It was all going into his personal account. I smell payoffs.
To think that we're so ready to give these people more power. They couldn't run a wrist watch properly.
2010 vote out incumbents
2012 vote out Barry the blamer
Everyone is corrupt up there in Washington and Wall Street. Together, their greed for power they are destroying America.
They know we are broke and must find a NEW way to enslave us.
They are not our government, they are betrayers to the Nation. All of them.
Oh I can't wait for another staged Obama town hall meeting packed with Obama supporters. So informative...
Or another photo op of him taking a parade of secret service personnel on a three hour joy ride to buy a hamburger he threw in the trash as soon as the cameras were turned off.
I suppose his stash of Japanese Kobe beef in the White House was not up to his photo op standards and he had nothing more important to do.
Obama turned out to be just another Robert Mugabe.
That's how our banking system works. Money talks, and whistleblowers
walk. I don't think we've heard the last of Madoff. He will go quickly to the slammer, but that's because when he's in prison he can't talk much. Somewhere, somehow, someone knew what was going on with Bernie.
You can't move $billions around under the radar for years without help.
Stay Tuned,
Sisao Tresed
The SEC abuses were under BUSH's SEC. Learn to read.
Another example of crony capitalism.
I think the penalty for a ponzi scheme should be death!
and I think that should include Eric Swanson.
LEARN AND READ LEZBO, the Madoff scam went on for years even under Clinton bozo. Shut your gay face idiot!!!
No matter which administration(s) this occurred under, where is the jail time for the officials at the SEC who looked the other way and ignored the whistle blowers? Why aren't these clowns going down?
I'll take his wife home with me. She is looking for a place to live right now.... She will be in good hands while her husband is locked up with Bubba The Brown Sugar Lover as his cell mate... Words of advise, If the cell mate says grab my pocket bit-h, you do it...
You can't get away for two decades with a scheme that obvious without the total complicity of the regulating agencies. Hell, he was a FORMER HEAD of the SEC wasn't he? If it weren't for Bush bankrupting the economy he would have taken this scheme to his grave, according to the man who tried repeatedly (and failed totally) to bring him down. He had to TURN HIMSELF IN to be stopped.
They had another whistle-blower that went to the papers besides the SEC and no one would listen to him either. I can;t remember his name, he was Greek and really savvy.
Madoff wasn't on the SEC; he was former non-executive chairman of the NASDAQ, an exchange similar to the New York Stock Exchange and the American Stock Exchange.
Not surprising. More cr*p from the 2000 - 2008 period. Simply put, it is called the GW Bush era of self-indulgence and corruption.
Another Bush Gone Wild story which will come to light...Everytime people start doing the right thing and investigating the Bush Admin - it makes Obama look like a kindergartener having fun with see n say...
Hello this girl came to the Government controlled and Majority Repubs and they side stepped her...And Madoff was in the mix of it...Just goes to show you just how deep rooted and corrupt the REPUB Private Sector Corporation Business Model really is...
Corruption on Wall street has no party. Money and greed lures all parties! It's just so damn easy for both parties to point the finger at the other when in fact, they both love to get rich and will obviously do whatever it takes to do so! The SEC is obviously a tainted watch dog that needs to be investigated like the Fed Reserve! I see why Big Brother is trying to get all the control so fast, they are making their move before WE THE PEOPLE have a chance to make ours! The two main parties that run our country are both dirty an talk more sh%t than an evening of Smackdown on WWE!
Hard to believe some people are still trying to either defend Bush's administration or blame these kinds of things on the Democrats.
What? Someone asking Ponzi schemers to investigate Ponzi schemers? That is unheard of. Next thing they will be saying is to investigate the Fed? How dare they....
I think the other wistleblower questioned this scam back in 1998, if I'm not mistaken, and made several requests to the SEC over the years. It's too bad it took so long for the sh!t to hit the fan. It's bigger than all of us at this point BECAUSE NOBODY WAS PAYING ATTENTION for years! Now look where we are. Anyone have solutions to get ALL the crooks out of positions of power? Or, are we so morally bankrupt that most people are or become crooks on the way up the ladder? Checks and balances needed AND taking the power away from the Fed. Pay attention to Ron Paul's Senate bill.
What's done is done. We the people need to refocus. Yes they need to be held accountable for their decisions and actions but we also need to keep our eyes open to what they do and remind them that we put them there to work for us, not themselves.
Bring our nation back to the basics and vote/choose people with integrity, honesty and high morals. There is nothing impossible for God to fix if we all humble ourselves before Him and pray.
yes this is our government taking care of us and our money- how bout them apples boys and girls-
the inept led by morons- we're doomed-
Actually as has already been reported, then buried months ago. A guy went to the now head of the SEC with complete details of Madoff worked his scam 10 years ago and several times aftert that.
This is a ruse to make it the goverments fault so that all of Madoffs investors can sue the government to get their money back! Watch and see.
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