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That wasn't clear - they don't share your feelings is what I meant. But hey - I'd like to believe that everyone has something redeeming about them.
Many of my friends and acquaintances have had dealings him and they don't share the same feelings but I'm glad everyone has somebody in their corner.
mydiadem mydiadem 8 years
I disagree with you on Spitzer, my Aunt worked with him for over a decade and he did great things for the state of NY.
Also, Ponzi schemes are not new and the only reason the recent ones are making any sort of news is because it is easy pickings for a press that has been too lazy or lacked the will to report on such issues before. A press that truly lacks the financial expertise and seemingly investigative reporting skills to find new stories - instead they prefer to jump on the band wagon while it hot.
Contrary to popular conception the SEC employs many very capable financial strategists and attorneys. It is more than disappointing that the incompetence of a political appointee (Christopher Cox), and lack of political will (entire Bush administration) is dragging down a very good institution. No institution is perfect and the Madoff case is a clear example but the people who actually do the work at the SEC are very good at their jobs. IMO the SEC is in good hands now that the new commissioner appointed by Obama has take office. She is incrediably qualified. Eliott Spitzer is thug and a crook and many of his investigations and subsequent outings were actually investigated by the SEC - Spitzer would then jump to the press taking credit for the SEC's work.
mydiadem mydiadem 8 years
Of course the SEC under Bush was ineffective, is anyone really surprised?
Jazz-Z Jazz-Z 8 years
Sadly its not a big surprise no one listened until now. President Obama's administration seems to be much more progressive and interested in what people have to least those appointees who've been cleared. I can't help but wonder if the President is consciously choosing people based, not only on their impressive resumes, but on their suspicious tax records ~ so if they can't make the grade they can at least collect back-taxes to help pay for the next bailout. stephley, I love your new avatar. It's seem so appropriate ;)
Lukin Lukin 8 years
I hate hearing stories like this, whether it's about financial con artists like Madoff or any other criminals. How many offenders like this have to slip through the cracks before investigators start investigating tips? I know 98% of them are crap, but history pretty much shows that big cases can be cracked by little people who have paid attention all along. Somebody always knows something!
Jillness Jillness 8 years
This is so terrible. He reported it in 2000, 2001, and two more years (I think 2007 and 2008). How could they not have looked into this?
janneth janneth 8 years
stephley stephley 8 years
Did they lack the financial expertise or did they lack the imagination to recognize that someone like Madoff was just a crook?
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