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Controversial Social Issues Discussions concerning controversial social issues. Topics include politics, religion, culture, social and economic issues, etc. Respect required at all times.


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Old 09-02-2009, 03:06 PM
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SEC investigation: We missed Madoff

"Securities and Exchange Commission watchdog says regulators missed 'numerous' red flags that suggested a Ponzi scheme was underway."

http://money.cnn.com/2009/09/02/news...ion=2009090216
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Old 09-02-2009, 05:11 PM
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Yeah, I missed Madoff, too. Hang on, I'll reload and give it another go...

It's just unbelievable that someone could pull off such a scam for so many years. Why do we even have something called the SEC if they can't even do their jobs? They couldn't even get on top of the Enron disaster until it was too late.

Disciplinary action? Watch, those at the SEC caught sleeping on the job will get a mere slap on the hand, if not also a good pat on the back behind closed doors for doing a good job...

Meanwhile there are retired people going back to work to pay the bills after losing everything they had invested.

That's why I don't invest. You just can't trust anyone today.

I hope the rest of Bernie Madoff's life is so horrible death will be a blessing.
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Old 09-02-2009, 07:35 PM
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Numerous red flags, many times reported and no serious investigations? Wow, how come this people can keep their jobs?
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Old 09-03-2009, 10:30 AM
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Welcome to government jobs...
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