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(Yahoo) Fail The guy at the SEC who was in charge of regulating Madoff was married to Madoff's niece   (news.yahoo.com) divider line 28
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1716 clicks; posted to Business » on 02 Jul 2009 at 3:06 PM   |  Make this a Fark FavoriteFavorite    |   share: Share on OMGTWITTER WEB2.0share on StumbleUponshare on Facebook  more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!

28 Comments   (+0 »)


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FourPetesake 2009-07-02 03:13:23 PM  
Ric Romero?

This is old news buddy!

 
darcsun 2009-07-02 03:21:06 PM  
Old news....

 
kittyhas1000legs 2009-07-02 03:28:07 PM  
FourPetesake: Ric Romero?

This is old news buddy!


darcsun: Old news....

these.

 
Crosshair [TotalFark] 2009-07-02 03:29:01 PM  
Obviously the solution is to give the government more power and increase the cost of doing business in the US. Seriously, this will be the last time they need to usurp more power over the economy, this time will finally do it. The size and scope of the US government has absolutely nothing to do with companies fleeing the US.

 
RandyRick 2009-07-02 03:32:38 PM  
There must be some way to blame this on Obama!

Rush, help us out.

 
cettin 2009-07-02 03:41:35 PM  
Old news is old...

 
Walker [TotalFark] 2009-07-02 03:45:15 PM  
If only there was some type of picture with the words "Old news is so exciting!" written on it.

Seriously subby, this came out a year ago when the scandal broke.

 
NewportBarGuy [TotalFark] 2009-07-02 03:47:58 PM  
This was fascinating news many, many months ago.

 
Linux_Yes [TotalFark] 2009-07-02 04:08:14 PM  
just business as usual in America. you have to be in 'the club' to understand who owns this country.

 
Linux_Yes [TotalFark] 2009-07-02 04:09:04 PM  
RandyRick: There must be some way to blame this on Obama!

Rush, help us out.



yea, rush!! show us some of your MAGIC!

 
pnjunction [recently expired TotalFark] 2009-07-02 04:12:44 PM  
Crosshair: Obviously the solution is to give the government more power and increase the cost of doing business in the US. Seriously, this will be the last time they need to usurp more power over the economy, this time will finally do it. The size and scope of the US government has absolutely nothing to do with companies fleeing the US.

I love how everything is so f*cking simple with you people.

Incompetent regulation? Too much regulation is the problem! Scrap it all! Down with big government whargarbl!

Just ignore the rest of the world where corruption and greed aren't allowed to run rampant and things like this didn't happen.

Damn it must be fun to be so f*cking stupid.

 
whyworry 2009-07-02 04:40:06 PM  
pnjunction: Just ignore the rest of the world where corruption and greed aren't allowed to run rampant and things like this didn't happen.

What?

 
pnjunction [recently expired TotalFark] 2009-07-02 04:46:35 PM  
whyworry: pnjunction: Just ignore the rest of the world where corruption and greed aren't allowed to run rampant and things like this didn't happen.

What?


Less regulation and government doesn't give you a utopia, it gives you something more like Africa. Most of Europe and Canada aren't sucking nearly as much wind as the US right now.

 
zarberg 2009-07-02 04:46:46 PM  
OMG, really? Next thing you'll tell me nepotism goes on in this world.

 
whyworry 2009-07-02 05:02:59 PM  
pnjunction: Most of Europe and Canada aren't sucking nearly as much wind as the US right now.

That is not my understanding. Besides, you aren't really trying to say that there is less corruption in Europe than there is in the US, right?

 
pnjunction [recently expired TotalFark] 2009-07-02 05:09:36 PM  
whyworry: pnjunction: Most of Europe and Canada aren't sucking nearly as much wind as the US right now.

That is not my understanding. Besides, you aren't really trying to say that there is less corruption in Europe than there is in the US, right?


There may be, I don't hear of any Madoff-sized scams though or a subprime mortgage collapse though.

We're getting sidetracked, we have to vigilant against corruption but unregulated markets don't work either. Instead of breaking the rules, there wouldn't be any.

You get the government right out of it, the sh*t that Madoff pulled wouldn't even have been illegal!

 
whyworry 2009-07-02 05:16:29 PM  
Nevermind.

 
mrEdude 2009-07-02 05:44:10 PM  
eqtworld I hope Madoff paid him enough to afford moving to another country and living under a fake identity for the rest of his life.


It's funny you know, that's what I would have expected Madoff to do if he had half a brain. What good are billions if you're too stupid to deserve them?

 
mfaby 2009-07-02 05:50:16 PM  
'Old news' is new to me.

 
Propain_az 2009-07-02 07:23:39 PM  
The niece must've been farking him hard!

\and bjs, lots and lots of bjs

 
missiv 2009-07-02 08:52:50 PM  
So, Madoff was a Pimp/Marriage broker too. Was there nothing he couldn't do?

 
GOB 2009-07-02 09:41:09 PM  
i4.photobucket.com

obligatory

 
NYZooMan 2009-07-02 11:16:38 PM  
Work in finance?

Crook.

Safer to assume you are than you're not. DEAL WITH IT.

 
Purplebuzz [TotalFark] 2009-07-03 12:57:07 AM  
On the scale of lameness which is worse?

Posting old news, or being the 6th person in a thread to point out its old?

 
Gridlock 2009-07-03 06:51:34 AM  
Just another example of the anti-American George Walker Bush's Whitehouse and the GOP's permanent culture of thievery and corruption.

 
niteshift 2009-07-03 08:19:59 AM  
Gridlock: Just another example of the anti-American George Walker Bush's Whitehouse and the GOP's permanent culture of thievery and corruption.

The SEC has been inept from the get-go. What more do you expect from an oversight agency with: no prosecutorial powers, appointed ivy-league limp dicks, and an indifference to market manipulation.

And the sh*t birds at the DOJ who get handed the cases the SEC does manage to come up with couldn't prosecute a 10b-5 violation if it was shoved up their rectums with blueprints attached.

This is systemic incompetency going way beyond any administration, my friend.

 
shaft6969 [TotalFark] 2009-07-03 12:39:25 PM  
we really shouldn't be blaming subby for being an idiot who doesn't pay attention to anything in the past 6 months.

The blame belongs with the mods for greenlighting it. Seriously, this week has been the worst for repeats and old news i think i've ever seen.

WAKE UP PEOPLE

 
museisluse 2009-07-03 03:35:42 PM  
NewportBarGuy: This was fascinating news many, many months ago.

But it bears repeating

 
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