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  • prosicute these criminals

  • does anybody know what happened to these SEC people afterwards? im assuming they were fired, but did they receive any further punishment?

  • Congressman Ackerman, since you no longer support legislation that clarifies the congressional intent of SIPA to protect American investors, does this mean you've received satisfactory answers to all these questions you raised?

    Who's put out your fire... and how have they accomplished that? PLEASE share as it seems to me that nothing has changed as of 3-10-2011!

    Where is your rage now? Why haven't you signed on to Congressman Garret's H.R. 757?

  • Just watching this makes my blood boil...

  • @rsclutch1990 well is there anything new on DOJ, these SEC fucks are complicit

  • @rsclutch1990 or maybe not, sure seems that way to me

  • I FUCKING HATE THE SEC!!! EAT SHIT SEC SLUGS

  • The SEC is the critical factor in the "Suburbs Shakedown" from Wallstreet!

  • Andy Vollmer fucks kids...

    Andy Vollmer= kid fucker.

  • These supposedly "bright" CEO's would have it much far better and quite easier if they just confess they havent been doing their jobs. If they just would've said that from the start, there would be no point to dodge further questions like volmier.

  • Mr Vollmer's career with the SEC ended at this moment.

  • Utterly extraordinary. One of the most amusing, and horrifying, things I have ever seen in my life.

  • This is what happens when you hire lawyers to run a financial watchdog organization. They should have hired only people with financial/fraud investigation backgrounds not these question-ducking shysters.

  • @Jestera1

    You are absolutely right.

  • the truth is on trail here. WHAT IS TRUTH

  • SEC: Securities and Exchange Commission

  • SEC: Southeast Confrence

  • A GIRL DIED IN 1993, A MAN BURIED HER IN HER OWN home when she was still alive. The murderer chanted, "Toma sota balcu" as he buried her. Now that you have read the chant, you will meet this little girl. In the middle of the night she will stand at the side of your bed starring straight into your eyes. She will suffocate you like she was suffocated. This story is sadly true. If you post this 5 differnt times she will not bother you

  • @legallyshipwrecked We don't give a shit dumbass!!!! Get a life!

  • Lately, the SEC has been doing a better job of finding crooks and keeping markets regular. I've been impressed with the new management.

  • As much as I hate Bernie Madoff. I despise people like Linda Thomsen and Andy Vollmer even more.

  • Linda Thomsen and all the cronies at the SEC should be held accountable for gross negligence and incompetence and should be sent to JAIL also for 150 years. Her title - "SEC Enforcement Director" is a joke! Her real title along with all the scumbags at the SEC should be more like - "SEC Madoff Enabler"

  • The people at the SEC are a bunch of crooks - no better than Madoff himself. There is no way Madoff can do what he did unless the SEC collaborated with him.

  • why, just why

  • This has the look of pathetic drama. Until these banking criminals--like the witnesses in this video--go to prison, long term, there won't be any change or reform.

  • pantywaste: someone who is an absolute waste of flesh, a useless bastard.

  • Madoff 's fraud has nothing to do with being a zionist. He is simply a thief, a tyrant and a maliciously compulsive spender.

  • Ackerman is a fraud--he's using distracting theatrics. Madoff was a card carrying member of the Zionist lobby. Let's see some acountability regarding AIPAC spying, the Kosher Tax, and Zionist lobby groups bribing politicians -- that will answer the Madoff questions and others.

  • Im a conservative (not a neo con), and I like this guy.

    I am hoping for a Ron Paul run in 2012. I hope this Ackerman guy is involved somehow. And Chuck Hagel too.

  • Mr. fucking madoff i am glad than you now suck a big BLACK DICK

  • And Chuck Norris too.

  • What a waste of time.

  • Wankers!!!

  • Then he spanked them all,

    feed them some porridge,

    and sent them to bed..

  • Rep. Ackerman is grandstanding and doesn't even know anything about the Constitution or innocent until proven in a court of law. What the f**k? Who does the as*hole think HE is anyway.

    I wonder if Ackerman knows Madoff is a long supporter of the Democratic Party and THAT is where his protection came from.. wake up America

  • Gosh skinheads are pathetic.

  • I believe Ackerman thinks he's a congressman. They have oversight of the executive branch. The SEC would be wise to remember this.

    And they can no longer claim executive privilege now that Bush is out of office, or is he claiming that Obama is trying to cover up the Madoff scandal?

  • Madoff's political contribution list of suspects in the cover up are 38 contributions to democrats and 3 contritutions to republicialns all in NY in the past 10 years.

    Among the names are

    SCHUMER, CHARLES E (D)

    CLINTON, HILLARY RODHAM (D)

    TAUZIN, WILBERT J II (R)

    LAUTENBERG, FRANK R (D)

    DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $25,000

    The leader is SCHUMER, CHARLES E with 13 out of the 38 contributions I could find that you won't hear about on CNN

  • These are facts gathered with research. Not merely snide remarks that libs are famous for.

  • Kinda makes you wish you could ask questions of the SEC, doesn't it? Darn that executive privilege.

    Should have protected the constitution when you had the chance.

  • Ackerman is merely leading the witnesses? An judge would stop him.

    This is a lawyer tactic that makes the jury think he is asking a question, however in actuality he is telling them what to say.

    Notice he NEVER gives them a chance to answer his questions.

    Are citing executive privileges immunity?

    Are citing executive privileges immunity?

    Are citing executive privileges immunity?

    This is a yes or no question!

    Finally they get it and say what Ackerman wants, which is YES!

  • Ackerman is not leading the witness. A judge would direct the witness to answer the question. He gives him a chance to give a yes or no answer, but Vollmer wants to go into a long winded reason why he won't.

    Finally he does answer the question in the affirmative. Unfortunately, Vollmer no longer has the right to claim executive privilege. George W. Bush is no longer in office.

    That's the problem.

  • SEC was remiss with their policing.

  • One of the SEC investigative teams that had examined the Madoff firm was headed by a Eric Swanson. Eric Swanson was in a relationship with Madoff's niece, Shana Madoff during that time, and they eventually got married. Eric was ordered by the SEC chairman that any SEC officials must remove themselves from the investigation if they had "more than insubstantial personal contacts with Mr. Madoff or his family. Obviously he didn't, but instead helped to give Madoff a free pass. SEC = corrupt

  • (I know exactly how he got caught)

    Apparently he thought building 7's ponzi sheme papers deposit day was Sept 12th

  • this is what you get when they bought the right people on Congress for 1.7 billion.

  • these ASSHOLES should go to prison. After 8 years of the bush lies, these people still think they can just keep it up. From what I hear from this, the just told the American people and Congress to F-OFF.

  • OK if the SEC is not a competent watchdog for us investors then what? Do businesses and broker/dealers need MORE regulations? I think not.

    We have so much to do in regulations that I think most smart people can simply use the existing laws and regulations to enforce our laws.

    I'd like to see the SEC do a "post-Madoff" analysis and see "what went wrong" internally and find best practices out of this case.

  • Hogwash -- it was the deregulation started with St. Ronnie Raygun and his gang of traitorous repukes that caused the problem. RE-REGULATE the shit out of them and go AFTER the criminals who benefited from deregulation.

  • Sign the petition against the SEC...gopetition(dot)com/petit­ions/take-action-against-the-s­ec(dot)html

  • Ackerman is a Jew, and is a agent for Israel. That 50 billion went to Israel. Nobody talks about where the money is. Are we to believe that money was piled up and set on fire like the Joker did in the recent movie. This is all dinner theater to take the spotlight off of Israel!!

  • On another issue, who is that very attractive woman behind Rep. Ackerman?

  • The people at the SEC are only going to do the investigating and prosecutions that their superiors want them to do. The Bush administration cited a law dating back to the Civil War to prevent State Attorney Generals (all 50 states) from coming down on the mortgage industry (look up Spitzer's letter to the NY Post). These people at the top on both sides are pals, go to the same parties. They do not want to enforce the laws on their friends.

  • It's funny how the Republicans endlessly wring their hands about black and Latino youths in gangs and want them all executed on national TV and wring their hands about women on welfare (not taking into account that in most states you have to work at least 35 hrs/week to receive a mere $300/month in aid) but think we're being too hard on the old rich white men who led to the deaths of 500,000+ Iraqis, 56,000+ Afghanistanis, 4000+ US soldiers and left us over $7 Trillion in debt.

  • Its amazing what a slap on a wrist Madoff is getting,

    ask yourself this question.

    If you or I stole even a small amount of money, how much time would we do?

    Using Bernie's logic it is ok to rip people off, as long as you dont get caught, and have people to cover your ass.

    Personally i think he needs to be in prison, amongst general population, not in some posh lockdown.

    Hey we should send HIM to Guantanamo after all he is a traitor and committed an act of Financial Terrorism.

  • Strange! By knowing bits of history, IQ seems to triple mysteriously...

    ...yawn...loony bin kindergarten time...

    ['k, make it simple, or they're going capisocial-sick again!]

    Okay, listen! Hell...he..EEEEEYYY!!! SILENCE!!!

    "...or I kill you!"

    WHO WAS THAT?!?

    Now listen, kids.

    Just look, who invented money, who studied it, who then changed money and finally who corrupted money!

    Owning the idea of money!

    Like creating a monopoly for ring washers, or screws..or toothpicks, or toilet paper...

  • Linda Thomsen didn't do her job.She should be fired!

  • Watch out for Wedbush. They will steal you blind.

  • "Typical left wing half-truths. Yes, we propped up Saddam...BEGINNING with a Democratic led effort in 1978-1979."

    Saddam killed yjr Kurds at Halabjah under Bush I's watch with the help of US intellligence you dumb twit.

  • This Vollmer clown needs to be beaten with a sock full of marbles. No joke.

  • Mr. Madoof knows the highest level people and has paid them very well. They will go down with the ship, as they get hugh bank accounts! These SEC guys can buy and sell any politician. They laugh at them!

  • Lookie there...a congressman actually doing his job.

  • I can't believe who these people think they are..

  • Damn Ackerman is tough. Great job. You gotta grill those SEC bastards or they'll weasle their way outta anything.

  • Hang them. Hang them Hang them.

    Guillotines. This is what we need.

  • preoposterous

  • clean house! cut the crap and fire them.....

  • Do we start with Hear-No-Evil, See-No-Evil or Do-No-Evil, take your pick! ahahha oh that is gold!

  • hey Yoer1255, you pea brained Berkely-ite fuck...

    IRAQ started the war fuckhead...in in the early 1990's, there was only a CEASE FIRE dipshit that Iraq routinely violated.

    You fucking imbecile...now go tell your whore single mother that she should have provided a dad to kick your dope smoking ass instead of letting her hundreds of customers molest you for a $0.50 add on to her $1.10 blowjobs.

    Moron.

  • Who put Saddam in power. Why was Saddam a CIA agent. From where did he get his chemical weapons? Who's the imbecile?

  • There's something wrong with your brain. Yes Saddam's coup was assisted by the CIA. Why don't you google it? And what happened to all those WMDs in Iraq that Colin Powell and Dick Cheney were so adament about? And why did Bush stop going after Osama?

  • damania...you stupid fucktard.

    Yes, the CIA UNDER CARTER you stupid fuck. What? DID YOU FORGET CARTER WAS A DEMOCRAT?

    WMD's? THEY ARE IN SYRIA YOU STUPID ASSHOLE. Your Heroes in the UN were such pussies, they actually believed Saddams military when they said they "weren't ready" for inspections the day they would show up, and your inspectors never insisted they go in.

    And Bush stop going after Osama? You BELIEVE that? It would be like saying you stopped sucking dick...IMPOSSIBLE!

  • LOL. In Syria? Then what are we doing in Iraq? Could it be Iraq was responsible for 9/11 when 19 of the hijackers came from Saudi Arabia? Sounds like you're pissing all over except in the bowl.

  • You are a moron...really...a moron.

    You asked where the WMDs went. I Told you.

    America is enforcing the terms of the cease fire that Iraq violated.

    As for 9/11, well fuckhead, we were not discussing that, but like any liberal losing an argument, yo change the subject.

    Really man, you are a fucked up faggot loser, and nothing you say will ever change that.

    Now go back to sucking cocks.....HAHAHAHAHAHAHAAAAAA

  • your words say way more about YOU than they do the person you are trying to argue with.

  • OR we supported and propped up Saddam Hussein b/c he was a counterbalance to Iran. We sold chemical weapons to Iraq and gave them money when they were fighting Iran, at the same time REAGAN was involved in selling weapons to Iran. Learn some history.

  • Hey idiot ..pseudolover

    Typical left wing half-truths. Yes, we propped up Saddam...BEGINNING with a Democratic led effort in 1978-1979.

    Yes, CARTER began selling chemical technology, but FRANCE gave Saddam the most.

    Reagan, who you should WORSHIP, raised money to fight the sandanistas because the faggot democrats fought him on fighting the South American drug cartels, so he GOT THE JOB DONE you stupid fuck.

    Yep, "Move On'...but only when it suits you liberal pussies

  • you are a true wing-nut. those sales were by good ole' daddy bush and the nixon repubs, ashcroft, rumsfield, et. al. do your research bubba. daddy bush & co were into covert operations, not carter.

  • It wasn't Carter who started selling chemical technology to Saddam -- it was DONALD RUMSFELD. Better not get all your facts from Rash Limpballs, dumbass.

  • Deeply disconcerting indeed, is that the frauds account for so much of the growth in the economy that it does appear all economic growth since 1970 has been asset stripping. And then when the system is as bankrupt as the USSR - what will the states do now that the federal is barren?

  • The whole system is corrupt from top to bottom. The SEC is only interested in prosecuting smaller transgressions. It makes them look like they're "doing something" while not completely pissing off the friends of those in power.

    Dog and Pony show...

  • fucking jagoffs... these idiots should go to jail.I mean,what a blatant attempt of shifting attention.EXECUTIVE PRIVILEGE? there is no such thing ... wtf ,seriously

  • Congressman Ackerman is just awesome. We need more guys like him.

  • Since the SEC is utterly inept (or maybe corrupt), and everyone knows it, will it be disbanded? Noooooo. My guess is that congress will raise the funding.

  • This Vollmer guy is so full of shit it's sickening.  I wanna swing a bat at his face.

  • Agree, kick his fuggin' teeth in.

  • So, when someone robs rich Jews then representatives like Mr.Ackerman gets angry and yell at pawns. . . but when rich Jew bankers rob regular people then Obama tries really hard to give them $800 billion dollar reward.

    Obama goes on TV and says that he is disappointed with the behaviour of CEOs but then pushes the senate to pass the pork-barrel package.

    I wish they had this intense of a hearing after bank CEOs gave themselves bonuses upon receiving billions of dollars from government.

  • Let me tell you this as a die-hard Conservative: The GOP controlled the Senate/Congress from 2000 to 2006 and the White House from 2000 to 2008. BUT they did little or nothing to take on these CEOs, introduce conservative principles into the Washington system or prevent the economic crisis from happening. These are facts and there is NO way you can spin them out !!! Since 2000, our conservative loose their way, whenever they get elected !!!

  • SEC you are disrespecting all Americans. The Madoff investigation will be shallow and unlawful. They are protecting their masters... this is proof of their deceptions.

  • that was awesome

  • LoL....he was killing 'em

  • I watched this entire hearing last night on CSPAN - the best - most intense CSPAN viewing in a long time - it was almost like a Michael Mann movie...suspensful!

  • o Israel has killed Americans (eg. Sailors on USS Liberty, Rachel Carrie, etc...)

    o Israel spies on this country.

    o Israel blackmails our corrupt politicians.

    o Israel steals our taxes.

    o Israel uses our country as their toilet.

    For more info, see visit my "Favorite" tab.

    Please distribute this post and tell your Senator and/or Representative about Israel's killing Americans, heinous crimes, stealing our taxes, and its spying on USA. Peace!

  • More over paid lackeys.

  • "I can't answer your question, but you'll be happy to know we did send SEC staff to Boston, to Fenway Park, to try to find first base and we expect results before years end."

  • somebody needs to get hang. Soon!

  • YES.

  • watch my saIvia trip n subscribe!

  • The incestuous relationship between SEC & Wall Street is the real problem. People working at the SEC isn't going to investigate the BIG BOYS on Wall Street -- they hope to be working for them someday! So they spend their time going after the two-bit thieves so they look like they are doing their job, while "doing lunch" with the real criminals.

  • perhaps you could let me answer.

    perhaps you could try to answer.

    best part of this clip. 3:26

  • Watch the SEC claim they weren't negligent when the class action suit comes. And watch a Judge find some way to not find them libel. The Fed Gov wants to set a stimulus plan, but they won't want to claim their part and pay the people who lost everything here. I have an idea - shouldn't the stimulus look to make the individuals who lost everything be made whole? Imagine how that would help restore confidence....

  • God this made my day, even though im a republican, we need more of this shit

  • There are bad Dems as well. But what the neocons and Dumbya did to the republican party is terrible. Look at these chumps!! Who cares what party they belong to they just should never be in government. Bush stacked regulatory agencies with complete morons that have ruined these very agencies in some cases.

    These people are scum and have absolutely no clue what being a public servant is all about.

  • they were told to close their eyes..

  • shut up and stop trying to choose your words carefully, linda thomsen.

    bitch.

  • I'd sooner a democrat in power than a Bush and a Dick. What was their approval rating again - 20%? The worst Presidency in history.

  • I hate Congressional committee grandstanding. At least the members of Congress are good at acting like they are proactively handling serious situations.

  • That's great. Kinda.reminds me of ChillingChimp's videos

  • Disband the SEC already...

  • Go get em Ackerman.........Harry Markopolos is the man.........screw the S.E.C. they are incredibly incompetent or Madoff's puppets.

  • Freedom means free to fuck anyone to make as much money as you can. That's America.

  • Squirm Mother Fucker!

  • It's all a Dog and Pony show. This is just Theater for us, it never changes anything, we'll continue getting ripped off.

  • grilled like a piece of meat. you know you are in trouble when you ramble about meaningless crap.

  • Deregulation at work. They'll only do it again in a few years if we don't demand change.

  • The only thing missing from these SEC superviosrs are their clownhats and floppy shoes. Why do these people still have jobs????

  • only the people are forced to pay all their taxes

    remember nader paul kucinich gravel

  • The lawyer is an ass hole who needs to be fired. He can not answer a direct question. The SEC needs to be cleaned out and new staff hired that knows what they are doing. This group shows why there were no investigations. I think there needs to be an investigation into them for fraud for letting this go on as long as it did.

  • The SEC is a disgrace!

  • OMG Gary Ackerman  is GREAT!

  • this game is rigged. they play like they're grilling criminals. but look how comfortable the criminals are. they know that nothing is going to happen, because the person yelling is playing the game and they are all in eachnothers pockets. lol. fuck them all. fire them all. throw them in all jail. infowars the website for more.

  • This lawyer is the reason people hate lawyers. He couldn't give a straight answer if you beat him with a stick.

    This dick's salary is being paid for by the American people and he acts like we are the enemy. Fire these assholes.

  • well if he is gonna claim that then throw him in jail. simple as that. let the courts decide whether he can claim that.

  • there is no question to whether he can or can not claim the powers of a president. i'd go as far as saying he's impersonating the president and deserves life imprisonment.

  • People collecting fat paychecks and just let the biggest scam slip right by them. They should be asked to resign immediately. This is disgusting

  • this is a nutty person

  • How do they have the temerity not to immediately resign?

  • There is no such thing as in Part 6:27 !!

    See that is a prime example of Double

    Talk aka Spin Doctor aka Corporation !!

  • All Bush Appointees were placed by the Illuminati. This woman is just another minion who has been exposed for what she/he is, and for their total lack of qualifications, knowledge, & decency.

    The resistance has begun, new Hampshire HCR-6 was first shot across the bow of those evil Bastards..

  • WOW, glad to hear someone FINALLY asking questions every American would love to ask. Love the balls this gentleman had to lay into them and give them a piece of his mind and things to think about. Economic situation is dire, and we need someone that has the power to call all these folks out. We all can sit here talking smack about Madoff and the henchmen, but nothing will become of it. But take someone with a decent amount a power like Ackerman, and people WILL listen. He standing up for us

  • These fucking idiots are the tip of the iceberg as to just how incompetent the government is. Ackerman is asking simple questions and getting zero answers. The head of enforcement is a village idiot. These people should all be fired and the agency should be demolished. Something that actually stands for something should take it's place. Their embarrassing incomptence should not be tolerated. This isn't a watchdog agency, it's a mental ward. Madoff could have been shut down 10 years ago.

  • Before you get angry: These people were appointed to their jobs by Bush. This is exactly the kinds o morons that rose to the top in the lost decade: Be it Brownie in FEMA, Harriet Miers as supreme court nominee, Karen Hughes as Under Secretary of State for Public Diplomacy - the list goes on and on and on.

    It is not that government, per se, is incompetent. But if your prez hates government - this is what you get.

  • And NOW we pay for bush to live in a 1.2 million dollar house With Servantes. Only in America can a chickinshit asshole like this can get away with this shit. if a person stoled some food to feed his family, he goes to prison, not bush, he gets to retire with security guards.

  • Hey tecno57, why don't you check the campaign finance sites and see that Democrats have received nearly ten times more in Madoff Family campaign contributions over the years than Rebpubs have? Ask Clinton about her $28,000, or Schumer about his $44,000? Lautenberg, $12K, Markey $43k, Wyden, $33k... Why has the Democratic Senatorial Campaign Committee received $100,000 from the Madoffs? Funny how the Bush "deregulation" has profitted Democratic politicians so disproportionately, isn't it.

  • OMG i really want to punch the shit out of these bastards....how can they refure to answer ? omg this is robbing people

  • I love a good ass chewing in the morning. Sounds like victory.

  • Fire all SEC and shut down that branch of government. Its USELESS like all of government.

  • hell yea!!! - get that bitch

  • But! But! I refuse to answer on the basids that it might tend to inseminate me!

  • She get's her pay check whether she works or not.

    She was napping when this happen and the men with her, ugh!

  • all of those accused are such liars!!!! put them in jail!!!!

  • WHY...WHY...WHY do these people still have jobs? Is Madoff at least in jail? Or is he free to hid the money he stole, fake his death then they say oops. ole well, we'll let his family keep the money. we don't want to burden them.

    Investigate fraud in the SEC. They were not inept they are criminals.

  • These Bush drones obstructing and lying to Congress are a great example of what Bush did to our government, ruin it with lunatics in regulatory positions and more.

    Just listening to these chumps should make it clear why people HATE Bush.

  • try water boarding..

  • heat'em,

    630 look at cameraman, this is good!

  • Mr. Ackerman, my new hero.

  • Yes ma'am. May we never forget the Bush administration.

    Ever.

  • Fire 'em, then indict 'em. Someone's gonna spill his/her guts, then Holder can indict Bush

  • are these the famous bible school people appointed by Bush? LOL

  • "Executive privilege"? Ha ha!

    Who is the 'executive' that is going to give them privilege? lol

    How the hell can the govement fix anything when its OWN EMPLOYEES refuse to give up information they were PAID to collect?

    This stonewalling demonstrates the evil impact of the wild bush trashing of the Constitution.

    Put them in jail until they speak up to the US Congress!

  • AMEN! they need to be locked up and the key thrown out!!!

  • Hang all the Neocon Bastards along Bush and his cronies.

    What are you going to do about the media ?

  • These bastards are all Bush appointees.

    To the wall!!

  • I was watching this hearing and when I heard this my jaw dropped. To me he is stating that there was specific instruction from the executive branch regarding who is prosecuted or investigated.

    This points to a clear involvment by the executive branch in our financial markets.

    Little firms are subject to law, little people subject to taxes, with the "elite" being given blanket protection & immunity.

    These clearly violate our constitutional rights.

    Where is the justice dept?

  • Isisarchist, you are 100% right.

  • The justice dept was selected by Bush too.

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