Why Didn’t the SEC Catch Madoff? It Might Have Been Policy Not To
http://www.rollingstone.com/politics/blogs/taibblog/why-didnt-the-sec-catch-madoff-it-might-have-been-policy-not-to-20130531
For those non-financial types amongst my reader(s) this article might be a bit hard to follow. The gist is the SEC is basically in place to enforce 4 laws from back in the 1940’s and for much of the decade prior to the Great Recession they evidently made a conscious decision to enforce only two of them. The two they chose to ignore were the ones that covered the type of scheming done by Bernie Madoff and we all know how well that turned out. This is just a wee bit of documentation on how corrupt our government is. We are only a few tiny steps away from Third World corruption (where they basically post the bribes on the door as you enter), our country is obviously being run by the rich for the rich and ordinary people (the 99+%) serve merely to further enrich the already fabulously wealthy. That ordinary people can’t (or choose not to) see this boggles my mind.
