Posted on 02/04/2009 10:25:03 AM PST by xtinct
The Hub financial expert who tried to blow the whistle on Bernard Madoff since 2000 says a "Yankees-Red Sox [team stats] rivalry" between New York and Boston regulators allowed the alleged $50 billion Ponzi scheme to go on for years.
"In 2000, (a U.S. Securities and Exchange commission official) warned me that the relationship between the New York and Boston SEC offices was about as warm and friendly as the Yankees-Red Sox rivalry and that New York doesn’t like to receive tips from Boston," Whitman resident Harry Markopolos testified today before Congress. "Truer words were never spoken. ... Regional turf battles definitely played a part -- a determining factor, in fact -- in the handling of this case."
(Excerpt) Read more at bostonherald.com ...
Come on, we all know.
The Democraptic Culture of Corruption on display.
But the follow-up is who was the next president who had eight years to unscrew things and did not?
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