2008-12-17 — yahoo.com
"Securities and Exchange Commission chairman Christopher Cox said Tuesday his agency repeatedly failed for at least a decade to pursue allegations of wrongdoing by Wall Street figure Bernard L. Madoff, the alleged perpetrator of a $50 billion Ponzi scheme."
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tvsterling at 21:22 2008-12-18 said:
Thomas Jefferson said that in America the law is king but under Bush we have seen that in America, Money is king. Whenever money is to be had whether in stocks, credit cards or mortgages money rules. It has gotten so bad that it makes you wonder if Obama can really clean it up. I think that this Madoff thing has the potential to really finish the US as the major financial center. The gross lack of enforcement gives the lie to the orthodoxy which has our markets as the fairest & best regulated in the world. I think we can kiss those rivers of foreign money goodbye. London may be our successor. Permalinkadd a comment | go to forum thread
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