Any comments about Mr Madoff?

[tw]

Originally Posted by Clodfobble

Wow. This is a guy who could have blown the whistle at any time,

We don't know he did not. Many did blow the whistle on Madoff. Since the political agenda demanded deregulation and no government oversight, those numerous blown whistles were ignored.

A poltical agenda could not have been more apparent. Both Democrats and Republicans offered to double the SEC budget. Harvey Pitts (representing the George Jr adminstration's political agenda) refused to accept that money. That was the 2002(?) Enron hearings. It only got worse because the political agenda was to deregulate everything. Later, laws were passed to make regulations of derivatives illegal.

For all we know, Madoff's accountant did blow the whistle. What we do know is the George Jr administration ignored numerous Madoff whistleblowers. Even refused to prosecute Skilling and Lay for Enron until embarrassed by the state of Oklahoma. We do not yet know if this accountant tried to blow a whistle. We do know that if he did, he would have been ignored.

[classicman]

Originally Posted by tw

For all we know, Madoff's accountant did blow the whistle. What we do know is the George Jr administration ignored numerous Madoff whistleblowers.

That is true the previous administration did nothing. Perhaps that is because all the warning went to Senate Banking Committee chairman Chris Dodd or Barney Frank the Chairman of the Financial Services Committee.

Also why is it ok to blame the George Jr. Administration here whereas it is not ok to mention transparency and accountability with anyone other than Obama himself? Seems rather hypocritical albeit typical for some posters.

[tw]

Originally Posted by classicman

That is true the previous administration did nothing. Perhaps that is because all the warning went to Senate Banking Committee chairman Chris Dodd or Barney Frank the Chairman of the Financial Services Committee.

Again you are reading wacko extremist mantra. Numerous whistle blowers went to the SEC. Some SEC investigators actually did look into Madoff. But when the lowest paid regulators in Washington are also manipulated by the political agenda, then the SEC never bothered to do any serious investigation.

So the wacko extremists instead lie right here in the The Cellar. Extremists again blame Dodd and Franks. Not blame the SEC that was defanged by an extremist political agenda. Amazing. This time Obama was not blamed.

[TGRR]

Originally Posted by classicman

That is true the previous administration did nothing. Perhaps that is because all the warning went to Senate Banking Committee chairman Chris Dodd or Barney Frank the Chairman of the Financial Services Committee.

Also why is it ok to blame the George Jr. Administration here whereas it is not ok to mention transparency and accountability with anyone other than Obama himself? Seems rather hypocritical albeit typical for some posters.

Yes, yes, we know. The Bush administration danced with the angels.