ET Post from THREE YEARS AGO was: SEC investigating MADOFF FINANCIAL?

lol well you have bush in office back then, think of how they handled katrina. There was a hurricane it was on tv, there was 1million displaced, lol did anybody do anything. nope.

Quote from achilles28:

HOLY FUCK IS RIGHT.

What the FUck is going on?!?!?!?

The SEC Knew about this 3 years ago and didn't act until now!???

How is that possible given the entire thing was a gigantic ponzi-scheme??

Who else is on it????
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Quote from mahram:

lol well you have bush in office back then, think of how they handled katrina. There was a hurricane it was on tv, there was 1million displaced, lol did anybody do anything. nope.
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Good old USA regulatory system, their all for investor’s protection, yea right!!
 
Quote from trendlover:

Madoff said he knew business was insolvent for many years. I say he hid his profit knowing he will fail soon. Now he is fined 5 million and up to 5 years in prison. But is that what he really will get? Hmm?
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With years to establish an exit plan? Considering he was bright enough to get away with his for so long?

He's as good as gone already, IMO.
 
Quote from brocklanders:

So who just lost 17b? Anyone have any names of who might have been a client??
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===================
BrockLand;
Bloomberg news mentioned '' Kinggate Global Fund LTD, & Fairfiel's Greenwich Group/Fairfield Sentry LTD'', and an unamed ''lawyer at the country club...........................................................................................

My dad had his regional bank robbed once;
but he never blame/gamed the FBI, the FBI helped solve the problem.Partial disclosure, my Dad was over 18 years old.


Not everyone was fooled, or ignored the'' red flags'' someone did due dlignce for several months, staked out Mr. Madoff's auditor.

:cool:
 
Quote from TGregg:

With years to establish an exit plan? Considering he was bright enough to get away with his for so long?

He's as good as gone already, IMO.
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Maybe he had exit plan, but not smart enough to anticipate size of December redemptions from clients panic?
 
Quote from B. Rowshan:

All my years on ET, and this thread totally blows my mind.

I thought w the illinois gov. i've seen it all. i thought w aig blowing $10B of bailout $$ on more stupid trades i've seen it all.
But w this story and this thread NOW i've seen it all.

Someone send this thread to cnbc or the wall st journal please!
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ab - so - freakin' - lutely
 
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