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New York, 11:55 AM
Mon Dec 7
26 posts in the last 24 hours

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    Harry Markopolos Rips SEC for Missing Madoff Warnings
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    Dsmvwl  Admin  Promote to frontpage Approve user Ban user ×
    Image of GuyBitchy GuyBitchy
    02/04/09

    In reply to Harry Markopolos Rips SEC for Missing Madoff Warnings
    And now, via The Treasury and Federal Reserve, those very same folks are in charge of the country--completely.


    Yes, the individuals who created the disaster have been given, in direct response to that disaster, total control over how to deal with it.


    And they are merely dealing as they dealt all along--self-dealing.


    America is over.

     Reply
    GuyBitchy was starred GuyBitchy was unstarred
    Image of MrInBetween MrInBetween
    02/04/09

    In reply to Harry Markopolos Rips SEC for Missing Madoff Warnings
    Financial illiterates at the SEC! Intelligence illiterates at the CIA! Disaster illiterates at FEMA! Wow, the Bush administration really was one for the record books.
     Reply
    MrInBetween was starred MrInBetween was unstarred
    Image of ifstone ifstone
    02/04/09

    In reply to Harry Markopolos Rips SEC for Missing Madoff Warnings
    Here's Markopolos's 2005 letter to the SEC, which is amazing reading:

    [online.wsj.com]


    The gist is that it wasn't hard at all to see that Madoff was either "front-running" (doing insider trading based on clients' trades) or running a Ponzi scheme.

     Reply
    ifstone was starred ifstone was unstarred
    Image of smithhimself smithhimself
    02/04/09

    In reply to Harry Markopolos Rips SEC for Missing Madoff Warnings
    Dr. Smithhimself is in...


    As much as I respect this man, I find his physical mannerism even more fascinating.


    Functional Asperger syndrome

     Reply
    smithhimself was starred smithhimself was unstarred
    Image of ifstone ifstone
    02/04/09

    @smithhimself: Yeah, I hate to say it, but you wonder if his style was one reason he was ignored (in addition to the bigger reasons of SEC incompetence and fear of going after a big figure).
     Reply
    ifstone was starred ifstone was unstarred
    Image of Smitros Smitros
    02/04/09

    @smithhimself:


    Probably not a bad thing for somebody in that line of work.

     Reply
    Smitros was starred Smitros was unstarred
    Image of bluebears bluebears
    02/04/09

    In reply to Harry Markopolos Rips SEC for Missing Madoff Warnings
    What exactly does "working" for the SEC entail these days? inter-office tickle fight tournaments?
     Reply
    bluebears was starred bluebears was unstarred
    Image of Kid Twist Kid Twist
    02/04/09

    In reply to Harry Markopolos Rips SEC for Missing Madoff Warnings
    The Markopolos Case. This guy has been around a loooong time.
     Reply
    Kid Twist was starred Kid Twist was unstarred
    Image of saythatscool saythatscool
    02/04/09

    In reply to Harry Markopolos Rips SEC for Missing Madoff Warnings
    Marko?
     Reply
    saythatscool was starred saythatscool was unstarred
    Image of katastic katastic
    02/04/09

    @saythatscool: Polos!
     Reply
    katastic was starred katastic was unstarred
    Image of saythatscool saythatscool
    02/04/09

    @katastic: Maaaaarrko?
     Reply
    saythatscool was starred saythatscool was unstarred
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