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The Madoff Affair - (Part Seven)

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Uploaded by on Jul 14, 2009

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News & Politics

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  • i think there is endless scheems goin on right now but it takes a catastrophy for people to wake up out of belief into reality

  • @pcc68 It makes no difference how big the SEC is and how much money they spend. They are worthless like most all govt organizations. You libs all think all they need is more money and magically someone is going to care. The problem with the SEC, and anything govt run, is nobody cares, nobody has any stake, almost impossible to be fired for incompetence. All the "workers" care about is how many days to retirement. Endless no work jobs in govt agencies is NOT the answer for America. Freedom is.

  • @pismo10

    You weren't listening then. The SEC is understaffed and under budgeted because of Bush era dismantling of financial regulations. We need more people in the SEC not fewer. Otherwise we have the same cycles that gave us the crisis of '08. SO who will watch out for the Madoffs of the world in the world you want to build? The bankers?

  • Classic govt workers. The SEC is another bastion of no work jobs, just like the EPA, DEC, DOE, DOT, and on and on. Classic liberal big govt where the only thing the workers care about is how many days to retirement.

  • The Social Security System is going to fall apart just like Madoff's hedge fund did. If people think that what Madoff did is bad, just look at what the government has done and is doing with our social security funds. THAT'S the biggest Ponzi scheme in history. We've just begun to see the baby boomer's retire. Just wait until the funds run out. Occupy Wall Street is NOTHING compared to what we will see in the future.

  • My God look at the faces of the SEC people, starting at 1:29.

  • @sunserij isn't david wallace the cfo

  • Madoff got away so much is all due to GREED from the way up all the way to the way down...no one bothers cus everyone is having GREAT returns...

  • Rich Intelisano looks just like the CEO of Dundler Mifflin.

  • Those people were just playing house with no knowledge or education. Amazing US for you.

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