TV News LIES

Friday, Feb 27th

Last update11:58:27 PM 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...


Gunman kills seven, then self in Missouri house-to-house shooting spree

murder spree MissouriA gunman went house to house, fatally shooting seven people and wounding another in an overnight...

Washington DC legalizes recreational marijuana

Wasington DC legalizes potRecreational marijuana use is legal in the nation’s capital as of Thursday, the result of a...

Net neutrality rules passed by US regulator

FCC regulates InternetNew rules on how the internet should be governed have been approved by the Federal Communications...

Wisconsin Senate passes anti-union legislation amid mass protests

Wisconsin passes anti union billThe Wisconsin state Senate on Wednesday night narrowly approved a proposal to make Wisconsin the 25th...
 
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!