SEC Official Claims Executive Privilege In Refusing to Answer Madoff Questions

[Marc]

A good beating for SEC - they deserve it with missing Madoff


From: http://www.youtube.com/watch?v=8PlLCKW4zuY

[Marc]

Executive: SEC Ignored Warnings About Madoff


From: http://www.youtube.com/watch?v=ferWor2a1oA

[Marc]

Congress Sounds Off Against SEC in Madoff Affair


From: http://www.youtube.com/watch?v=LCXUyNuu2T8

[donna]

The SEC management need to be fired - the whole lot of them need to be out....or have they been released already?

Cheers,

Donna

[eri]

it will take years to unwind this mess

if these regulators can keep their jobs and huge pay checks even when they have so obviously failed to do their jobs why would people trust that future regulators will have any reason to do their job and protect them from the next generation of financial criminals?

same goes for the rating agencies. can we trust people who gave out their highest security ratings to financial products that plummeted in value so quickly

until they provide adequate explanations for why they so completely failed in their highly paid jobs, can we trust their ratings now?

sure they were complex financial products, but is putting your highest security rating on stuff you don't fully understand a workable business model?

will papering over the cracks and keeping the bull roaring along while this stuff is sorted out work?, or like welding cracks on the harbour bridge should we stop traffic in those lanes while the reasons for the cracks is analysed, a repair solution found and then implemented

or is it best to keep driving heavier and heavier trucks over the bridge until it fails?