Honey, we're not making you responsible for the failure of the American economy, we're making you responsible for your failure. How do you find the real books, you ask? Haven't you ever heard of a "subpoena?"
Government always fails top to bottom.
Honey, we're not making you responsible for the failure of the American economy, we're making you responsible for your failure. How do you find the real books, you ask? Haven't you ever heard of a "subpoena?"
SEC Watchdog...Alabama? Ole Miss? LSU?
Yes, but what about the "investigations" by responsible financial advisory firms that recommended to their clients that they stay away from Madloff? What about corroboration?
[”Why are you taking a mid-level staff person and making me responsible for the failure of the American economy?”]
And who is to cast the first stone, given how often we all have personally made $50 brazillion dollar mistakes?
I hope this isn’t a bad mark on her gold star career advancement schedule. I’m sure doing $8 bucks an hour SEC work she was hard pressed to add whistleblowing to her other paper pushing duties.
Don’t know that they ever would, but this would be a perfect case to look into a very detailed way. Go back and look at her investigation with an eye to every little detail. Find out, once and for all, how a regulatory agency with the powers of the SEC could miss so badly.
tears and excuses - crying is dirty pool
I'll bet she was Dean's List, too. I'm getting the feeling that Ivy League schools exist only for the elites to expand their Rolodex's.
Judging by the collective performance of our "best and brightest", it's past time that an Ivy League diploma be a disqualifier on one's resume. Governor Palin was sneered at because she graduated from Idaho.
During my four years in college, I routinely competed with students from Idaho in smallbore rifle competition. To a one, they were as intelligent, if not moreso, than anyone I've seen graduating from an Ivy League school.
This is what happens when unqualified people are put in positions of responsibility. Sounds like a prelude to things to come from the incoming obamarama administration, doesn't it?
Yet more proof that Yale and Fordham do a terrible job providing an actual education.
Those who invested with Madoff were so blinded by his record of consistently remarkable, above-average investment earnings, their own greed caused them to dodge reality.
"Too good to be true" is a constant in this world.
That said, nobody is ever held accountable in government. Government employees never get fired or thrown in jail even if their incompetence costs victims billions.
This is typical of the SEC and other bureaucratic agencies.
They are looking for minor technical violations, not massive fraud. They are trying to prevent aggressive brokers from pushing the limits of the regulations.
Of course, given the nature of the allegations, they probably should have sent forensic accountants, if they have any.
Pedigree trumps competence every time.
Ever wonder why American business can't get their heads out of their @sses?
Harvard Business School.
$100 says she still gets a bonus and a raise.
The SEC is not the FBI or the CIA -- meaning, they don't engage in offensive operations. So, if they show her bad books...
It's like your accountant. He works with what you give him.
Although perhaps someone should have taken Markopolis' suggestion of "Ponzi" to the FBI (including Markopolis himself).
A lot of this sounds like the same cr%& the 911 commission stirred up. If I were a New Yorker, and if New York had any kind of stand-up representation on Capitol Hill from its congressional delegation, I’d be letting the world know just how abused New York has been by placing its trust and gold in federal hands this last 15-20 years.
Yeah. He did it all himself, locked in his little office.
Are you crying? Are you crying? There's no crying in accounting!
SEC Branch Chief does not sound like middle management.
The World's Largest Hedge Fund Is A Fraud
I want to know if anyone in Congress ran interference for Madoff.