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Old 12-17-2008, 08:09 AM
 
16,294 posts, read 28,529,007 times
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The Securities and Exchange Commission has five Commissioners who are appointed by the President of the United States.

And these incompetent appointees now admit:
Quote:
The commission said it received credible allegations about the scheme at least nine years ago and will immediately open an internal investigation to examine why it had failed to pursue them aggressively.
http://www.nytimes.com/2008/12/17/bu...madoff.html?em

Way to go George, surround yourself with incompetents, appointing people for political favor instead of competency. Your single handed destruction of the US is damn near complete. Mission Accomplished
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Old 12-17-2008, 08:20 AM
 
Location: Florida
23,173 posts, read 26,194,030 times
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Quote:
Originally Posted by Asheville Native View Post
The Securities and Exchange Commission has five Commissioners who are appointed by the President of the United States.

And these incompetent appointees now admit:http://www.nytimes.com/2008/12/17/bu...madoff.html?em

Way to go George, surround yourself with incompetents, appointing people for political favor instead of competency. Your single handed destruction of the US is damn near complete. Mission Accomplished
"least nine years ago "

Was he president then?
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Old 12-17-2008, 09:10 AM
 
16,294 posts, read 28,529,007 times
Reputation: 8384
Quote:
Originally Posted by old_cold View Post
"least nine years ago "

Was he president then?
And the last 8 of those 9 years, get a clue!

Nice try from the desperate denial of the remaining Bush supporters, which now represents maybe 8 or 9% of the people. But true to form, denial of facts is still 100% with this crowd, an 8 year unbroken string.

Last edited by Asheville Native; 12-17-2008 at 09:22 AM..
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Old 12-17-2008, 09:13 AM
 
Location: Texas
38,859 posts, read 25,535,277 times
Reputation: 24780
Quote:
Originally Posted by old_cold View Post
"least nine years ago "

Was he president then?

What happened in the intervening eight years?
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Old 12-17-2008, 09:22 AM
 
Location: Florida
23,173 posts, read 26,194,030 times
Reputation: 27914
Quote:
Originally Posted by Asheville Native View Post
Well Clinton was, but your point is buried in the fact that Bush has 8 years of his friends there, the last 8 years. That would 89% of the time.

Nice try from the desperate denial of the remaining Bush supporters, which now represents maybe 8 or 9% of the people. But true to form, denial of facts is still 100% with this crowd, an 8 year unbroken string.
Not necessarily a Bush supporter. Just don't blame him for everything including the fact that we had an ice storm last week while he is still president.

Madoff ran this scheme for many many years covering the terms of more than just GB
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Old 12-17-2008, 09:24 AM
 
5,758 posts, read 11,635,426 times
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Apparently the son of the Attorney General of the United States - Marc Mukasey - is representing one of the possible defendants in this case.

Sounds like Madoff has excellent connections in the American judiciary.
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Old 12-17-2008, 10:44 AM
 
11,135 posts, read 14,191,949 times
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To add fuel to this fire it seems now that investors may be bailed out as well.

Judge signs order to protect Madoff investors
Judge signs order to protect Madoff investors - Yahoo! News (http://news.yahoo.com/s/ap/20081216/ap_on_bi_ge/wall_street_arrest_assets;_ylt=ApRifeQWlgXh__9hcNk qcx2s0NUE - broken link)
Quote:
A federal judge on Monday threw a lifesaver to investors who may have been duped in one of Wall Street's biggest alleged frauds, saying they need the protection of a special government reserve fund set up to help investors at failed brokerage firms
However the biggest laugh a minute here has to be this...

It also emerged yesterday that Madoff had advised the U.S. government... on how to spot con artists.
Disgraced financier Bernie Madoff to be electronically tagged and his wife's passport surrendered | Mail Online
Quote:
he boasted to President Bush’s top money market regulator about how much cash he’d made, insisting he was keeping the secrets of his Midas touch close to his chest.
No doubt about it, this guy has some brass ones
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Old 12-17-2008, 10:48 AM
 
Location: Thumb of Michigan
4,494 posts, read 7,481,288 times
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If it isn't irony, i don't know what is then....

Judge signs order to protect Madoff investors - Yahoo! News (http://news.yahoo.com/s/ap/20081216/ap_on_bi_ge/wall_street_arrest_assets;_ylt=ApRifeQWlgXh__9hcNk qcx2s0NUE - broken link)

Un-frickin'-believable!
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Old 12-17-2008, 11:35 AM
 
16,294 posts, read 28,529,007 times
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Quote:
Originally Posted by Blue Grass Fever View Post
If it isn't irony, i don't know what is then....

Judge signs order to protect Madoff investors - Yahoo! News (http://news.yahoo.com/s/ap/20081216/ap_on_bi_ge/wall_street_arrest_assets;_ylt=ApRifeQWlgXh__9hcNk qcx2s0NUE - broken link)

Un-frickin'-believable!
Ah yes, must protect the rich and super rich, and what is another 50 Billion in debt for the other 99.9% of us?

Judge Louis L. Stanton, a Regan appointee
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Old 12-17-2008, 11:42 AM
 
Location: Turn Left at Greenland
17,764 posts, read 39,728,382 times
Reputation: 8253
Oh fooey, the SEC hasn't left dock since 2000 .... Bernanke & Maddoff are probably golf buddies.
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