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Snargle Offline OP
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Harry Markopolos, a former investment manager who warned U.S. regulators about Bernard Madoff, criticized the Securities and Exchange Commission and said on Wednesday that Madoff had help in running his alleged $50 billion fraud.

Markopolos told Congress that the SEC staff was neither willing nor able to uncover what Madoff, accused of having run the world's biggest Ponzi scheme, was really doing. He also said that he knows the names of a dozen other so-called feeder funds that helped Madoff raise money from pension funds and wealthy investors and that he would turn these over to regulators this week.

Calling SEC staff "too slow, too young and too undereducated," Markopolos said regulators "did not understand the red flags and could not do the math."

Reuters
Let's hope that newly-confirmed Attorney General Eric Holder is in the process of investigating the crooks in our government who conspired with the Wall Street Bandits and brought down the U.S economy. Maybe Gitmo shouldn't be closed down...we still have plenty of terrorists right here in the U.S.A.! mad


Larry
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"To the intelligent man or woman, life appears infinitely mysterious. But the stupid have an answer for every question." - Edward Abbey
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Originally Posted by Snargle
Let's hope that newly-confirmed Attorney General Eric Holder is in the process of investigating the crooks in our government who conspired with the Wall Street Bandits and brought down the U.S economy. Maybe Gitmo shouldn't be closed down...we still have plenty of terrorists right here in the U.S.A.! mad

Bow


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