Madoff's "dear friend" SEC Chairman Schapiro STILL refusing to police options market.

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wilburbear

When will SEC force Goldman Sachs to return its ill-gotten profits from front-running?

That should be hundreds of billions of dollars, that's a lot of money. Someone in Congress may want to put some pressure on the crooks of SEC.

Hilarious, everybody in SEC claimed they don't know Madoff.

Yeah, I completely buy the claim of Mary Shapiro that she has no close relationship with Madoff.

I also believe Levitt that he has never seen this Madoff guy before. "Who? Madoff? Never heard of him."
 
If he was doing forward conversions its obviously not on US equities via listed equity options. Not that I think the SEC does a great job but the SEC is not the watch dog on FX and Interest rate derivatives in the OTC markets.
 
Quote from wilburbear:

Today Schapiro denied she knew Madoff.

Who is telling the truth?
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Madoff's case proves once again that your friends will leave you if you are poor or in trouble.
 
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