Madoff/SEC: Bush Holdovers Stonewall Financial Services Committee Investigation

Harry Markopolos testified before the House Financial subcommittee that his warnings as early as 2000 and on four subsequent occasions to the Securities and Exchange Commission about Bernie Madoff's fraud went unheeded, despite his having given them evidence. They could have confirmed as easily as asking Madoff for trade certificates to prove that he was actually making the trades he was representing to his clients - and discovering that he didn't have any. Markopolos said of the SEC investigators, "If you took a busload of them up to Fenway Park - they couldn't find first base."

Rep Gary Ackerman got only a stonewall from the SEC reps after Markopolos testified.

Category:

News & Politics

Tags:

• gary
• ackerman
• harry
• markopolos
• financial
• services
• committee
• bernie
• madoff
• fraud
• investigation
• andy
• vollmer
• stonewall
• bush
• executive
• privilege
• bullshit

[WarDogLRS]

Shouldn't these people be in Prison

[spyletu]

"i am profoundly sorry that you feel that way" wtf?

[kaisers7]

That guy vollmer is a real pinhead

[ridewave444]

So Bush appointed these motherfuckers huh? The SEC has sucked for a long time, but I can see just how they reached a new low in corruption under Bush. The same son of a bitch that gutted FEMA and other federal agencies.

[PlntPeace]

How would these people react to questions from the people who lost millions in the time during this missed oppurtunity and sloppy investigation. These people should be sued along with Madoff. Our government agencies hard at work protecting the evil ones. Shame

[Ilovehistorychannel]

R E V O L U T I O N

[optionsupdate]

they should find out about everyone connected to madoff, and if Madoff paid political contributions

[yourmomwazgreat]

corruption runs rampant in the U.S. government.....

[Kryptonian250]

This is actually entertaining to watch, having Mr. Ackerman have these guys look like idiots! :D

[desiracing3]

vollmer is an idiot