TV News LIES

Sunday, May 24th

Last update07:34:32 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...


Mathematician who inspired 'A Beautiful Mind' killed in auto accident

John Nash killed in accidentMathematician John Nash, a Nobel Prize winner who inspired the movie "A Beautiful Mind," was killed...

Arkansas police destroy Duggar's record

Josh DuggarArkansas police have destroyed the records of Josh Duggar's nearly decade-old molestation case.Springdale Police spokesman Scott...

US court to hear suit accusing Adelson of graft in China

Sheldon EdelsonA judge ruled Friday that a lawsuit accusing casino magnate Sheldon Adelson of graft and ties...

Vandals damage California dam, release 50 million gallons of water

inflatable dam vandalizedVandals damaged an inflatable dam holding back some 50 million gallons of drinking water, releasing enough...
 
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!