TV News LIES

Sunday, Sep 25th

Last update05:20:13 AM GMT

You are here News Domestic (USA) Michael Hirsh: Madoff Report Indicts Entire Regulatory System

Michael Hirsh: Madoff Report Indicts Entire Regulatory System

E-mail Print PDF

The scariest thing about the report, perhaps, is that it isn't about what happened in the past as much as it's an indicator of what our future looks like. The Madoff Ponzi scheme was a relatively simple scam: all anyone in enforcement ever had to do over the years was to obtain documents showing that wily old Bernie wasn't doing any trading at all. They never did. This is the same agency, slightly tweaked, that we're going to depend on to root out fraud in the mind-bogglingly complex world of over-the-counter derivatives that is even now resuming its old habits.

More...


Most Recent Related Stories...


Golf legend Arnold Palmer dead at age 87

Arnie Palmer diesArnold Palmer, a seven-time major winner who brought golf to the masses and became the most...

Raised-fist Olympians punished in 1968 will be received at White House

Rised fist Olympian punished in 1968Tommie Smith and John Carlos, the two African-American athletes sent home from the 1968 Olympic Games...

Port Authority Chief Testifies Christie Ally Pressured Him to Reclose Lanes to Bridge

Port Authority chief says Christie is protectedOn the morning that Patrick J. Foye ordered the reversal of the mysterious lane closings near...

Miami Marlins 'devastated' after Jose Fernandez killed in boating accident

Jose Fernandez dies in boating accidentMiami Marlins ace pitcher Jose Fernandez, 24, was killed early Sunday in a boating accident along...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!