SEC officials promise changes after Madoff failure-(This time hugh and series)

ap ^ | 9/10/09 | ap

[Flavius]

The Securities and Exchange Commission's watchdog has recommended "employee-by-employee" action to ensure the agency fixes the breakdowns that allowed Bernard Madoff's colossal fraud to go undetected for years.

[Flavius]

rock on

[Flavius]

America’s Greatest Ponzi Schemes

The Great Ponzi

some other here

http://images.google.com/imgres?imgurl=http://www.cosmoloan.com/wp-content/uploads/2009/06/charles-ponzi.jpg&imgrefurl=http://www.cosmoloan.com/money-management/americas-greatest-ponzi-schemes.html&usg=__UDeFpvQaNJDtJGp5_F3Fb-dgxxM=&h=645&w=475&sz=154&hl=en&start=32&um=1&tbnid=6Aecboz-V7WuIM:&tbnh=137&tbnw=101&prev=/images%3Fq%3Dstreet%2Bponzi%26ndsp%3D18%26hl%3Den%26client%3Dfirefox-a%26rls%3Dorg.mozilla:en-US:official%26sa%3DN%26start%3D18%26um%3D1

[dalebert]

hahaha sure

[coloradan]

If a private company were tasked with preventing frauds such as Madoff’s and were given as many tips about him as the SEC was and still failed as egregiously as the SEC did, it would be bankrupt and destroyed by now, and its officers would probably be in jail.

Enough said.

[Bodleian_Girl]

Aw man, I thought this was gonna be a football thread.

[Attention Surplus Disorder]

This is the same level of government competence that promses to bring you universal health care. You’ll be dead on a gurney in the hallway awaiting treatment, behind 11 illegals, and they’ll promise to “review their procedures so this unfortunate set of events does not recur”. Sound like a deal? If not you’re a racist hater.

[The_Media_never_lie]

The SEC will never let Madoff scam you again, unless you reside in the pen.

[tang-soo]

I hate the SEC. Oh, sorry wrong one.