TV News LIES

Monday, May 01st

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...


At least 9 dead in 4 states as tornadoes and floods wreak havoc in parts of South, Midwest

9 dead in tornadoesThe death toll from tornadoes and storms in parts of the South and Midwest rose to...

Will the US try to send 50,000 people back to Haiti?

Will the US send 50,000 Haitians back to Haiti?When Jean, a 28-year-old Haitian living in Florida, first came to the US, he was afraid...

China deports U.S. citizen convicted of spying after two years in custody

China deports US citizenChina has deported an American citizen who was convicted and sentenced on an espionage charge after...

Arkansas executes fourth inmate in eight days

Arkansas executes 4Arkansas has wrapped up an aggressive execution schedule, putting to death its fourth inmate in eight...
 
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!