Kucinich on Stanford Group fraud: SEC told to "stand down" by fed agency in 2006

"As Chairman of the Domestic Policy Subcommitee, I have sent a letter to the SEC asking for documents that relate to [the NY Times] report that they were told to 'stand down' rather than enforce the law against the Stanford Group going back to 2006. If this is true - and this is an official that is quoted - then we have the beginnings here of a massive scandal and we've got to get to the bottom of it," says Congressman Dennis Kucinich on Fox Business.

Category:

News & Politics

Tags:

• Stanford Group fraud
• SEC
• NY Times
• New York Times

[OnenessNow]

Finally the connection is made between laundering drug cartel money and the Ponzi schemes on Wall Street.  We need a complete overhaul of Washington

because they are complicit in the stand down mentioned here.

[Sheogorath64]

We should storm Madeoff's million dollar flat by force.

[mz809grl]

never trust white people when it comes to money.if they can kill their mom&dad for a dollar what you think they will do with your money.

[BoxGuy1951]

@ejbh3160 - Im very concerned that the contractors that worked the structural of these buildings may have constructed other buildings here in the US that will " see other buildings fall and fall in sympathy around the country" when another of their buildings fail. Im sure that the insurance companies will investigate this and find the problems can be fixed almost " magically " by the push of their Its Fine To Sell Now button and the rates wont even need to be raised !!! Its a Miracle !!! :-D

[Phi16180]

like you wouldnt :D

[tinstareel2]

2:20 he looks.

[saint00]

the guy sitting at the bar look like he had a few tequila shots before the show.

[fps44]

Check out the video "The Working Man". I think it shows how we are all feeling.

[ejbh3160]

yeah... amazing how steel framed reinforced concrete just decides to explode itself & 'collapse'... must have been a tough day for steel & concrete... also funny how it was just 'some' buildings that had that problem eh? And Bldg7 supposedly had a NUCLEAR bunker in it!! So if a nuke had gone off, would it have survived? I'd be looking at the specs for nuke bunkers now & asking some questions about how strong they actually are... or are nuke bunkers just another fraud maybe?

[sidneyoh]

ya good thing that building just fell down