Markopolos: SEC Was "Captive Regulator" 'we dont attack big firms"-THERE LIES THE PROBLEM!

mod mom

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Wed Feb-04-09 11:03 AM
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Markopolos: SEC Was "Captive Regulator" 'we dont attack big firms"-THERE LIES THE PROBLEM!

Markopolos: SEC Was "Captive Regulator"

By Zachary Roth - February 4, 2009, 10:39AM
Markopolos identifies another problem with the SEC:

"They were a captive regulator. Mr. Madoff was too big," he just told Congress. "They looked at Madoff and said: 'he's a big firm, .'we dont attack big firms"

http://tpmmuckraker.talkingpointsmemo.com/2009/02/markopolos_sec_was_captive_regulator.php

TOO BIG, TOO POWERFUL-THERE LIES THE ROOT OF THE PROBLEM. TIME FOR REGULATION TO STEP IN AND NOT ALLOW THIS TO HAPPEN AGAIN. THERE WILL BE NO FAITH IN THE SYSTEM, UNTIL THOSE WHO ALLOWED IT TO GET THIS MESSED UP AND GROSSLY PROFITED FROM IT ARE REMOVED FROM THE PICTURE! imho

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DemReadingDU

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Wed Feb-04-09 11:04 AM
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1. check my link for ongoing discussion. on cspan now

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4977354

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