Madoff advised the SEC on how to regulate markets

[wilburbear]

Now that the tide's going out, whose to say the SEC wasn't in on it, in some way?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aVzCdm.m0txc&refer=home

 

[Illum]

Wonder if this guy has any good stories about the Sec, or if he will go quietly.

 

[wilburbear]

Quote from Illum:

Wonder if this guy has any good stories about the Sec, or if he will go quietly.

The SEC was in communication with Madoff. And was determined to look the other way (an investigation of 2 years ago turned up nothing).

This amounts to tacit permission to continue the fraud.

 

[tradersboredom]

it's like the police investigating the mayor or concillor

Quote from wilburbear:

Now that the tide's going out, whose to say the SEC wasn't in on it, in some way?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aVzCdm.m0txc&refer=home

 

[tradersboredom]

i'm really serious.

we'll have to disband the SEC and individual investors and mutual funds fund their own market regulatory authority.

self regulating industry.

SEC is funded by who?????

the money trail...investigate it.

Quote from wilburbear:

The SEC was in communication with Madoff. And was determined to look the other way (an investigation of 2 years ago turned up nothing).

This amounts to tacit permission to continue the fraud.

 

[flytiger]

Patchie 's been saying this for four years. Was on Ron Insana's show two years ago.

Investigatethesec.com

so madoff chaired the NASDAQ. I wondered how the Fiieros were fined 1mm, then traded from the NASD headquarters.