Apparently the auditor is a one-man operation - literally. Its crazy. How that alone didn't tip off anyone is beyond me.
John Oleske
· 11 months ago
Chris, FYI - the client did not work for the SEC - her attorney did.
Older_Wiser
· 11 months ago
How many who graduated from Regent U worked for the SEC?
If the fundies were all over the Dept. of Justice, you know they have infiltrated all areas of the govt. And we know how "competent" they all are...
dula
· 11 months ago
They did exactly what was asked of them.
Older_Wiser
· 11 months ago
It's worse than we think...
Dec. 23 (Bloomberg) -- Sales of single-family houses in the U.S. dropped in November by the most in two decades and resale prices collapsed at a pace reminiscent of the Great Depression, dashing speculation the market was close to a bottom.
Purchases of both new and existing houses dropped 7.6 percent from the prior month, the biggest decline since January 1989, to an annual rate of 4.43 million, government and industry figures showed today. A 13 percent drop in the median resale price from a year earlier was the most since records began in 1968 and was likely the largest since the 1930s, the National Association of Realtors said.
“Housing is still in a freefall,” said Nariman Behravesh, chief economist at IHS Global Insight in Lexington, Massachusetts.
The figures were worse than economists had forecast and signal that the battered housing market that led the economy into a recession may be taking another lurch down. Sliding property values mean more Americans will be under water on their mortgages, destroying household wealth and undermining consumers’ purchasing power.
Sovereign immunity should bar this claim. Of course, do not be surprised if Paulson pays back all Madoff investors with TARP money.
Tulip
· 11 months ago
Hey people - The SEC is a governing body that is not the public accounting firms that must attest to their standards. They are not one in the same, so the original post here is misleading.
youngharry
· 11 months ago
Sue them all. Go after them. Sue them and put their asses in jail of they don't pay up.
hazeldesigns
· 11 months ago
The accounting "firm" who "worked" on Madoff's books had 3 employees. It wasn't one of the big firms...which should have been another signal that something was off.
warbler
· 11 months ago
"Thin end of the wedge" A rebuplican's idea of sexual intercourse.
Indigo
· 11 months ago
This looks like the area that needs to be cleaned up first. I can't say that I fully understand the ins and outs of the financial contortions that made it go, but it's clearly an issue of cronyism that has done too much harm outside the clique.
"Clean up on aisle 3!"
ComradeRutherford
· 11 months ago
But the SEC under Conservative control is supposed to protect the scammers from accountability.
That's what Conservatives do, protect the highest criminals in the land from accountability before the law.
Asterix
· 11 months ago
Bush gives one "Heckuva job" to federal employees by authorizing pay raises:
If I recall correctly, the young entrepreneur Bush got in trouble with the SEC a couple of times while his Dad was President. Apparently he was warned by them a couple of times for issues related to stock in his companies, but Daddy protected him.
Can it come as any surprise that the SEC would be treated with contempt when he ascended to the Presidency?
Robert Phillips
· 11 months ago
I know I don't know all the laws on wall street. But what I do know is that if you invest, you are taking a chance at losing your money. All wall street is, is a fancier Vegas. I'm sorry all these people lost their money. And I'm also sure there were laws broken. But you take your chances investing. Don't invest what you can't afford to lose. That's the basic principle of investing.
All Comments
If the fundies were all over the Dept. of Justice, you know they have infiltrated all areas of the govt. And we know how "competent" they all are...
Dec. 23 (Bloomberg) -- Sales of single-family houses in the U.S. dropped in November by the most in two decades and resale prices collapsed at a pace reminiscent of the Great Depression, dashing speculation the market was close to a bottom.
Purchases of both new and existing houses dropped 7.6 percent from the prior month, the biggest decline since January 1989, to an annual rate of 4.43 million, government and industry figures showed today. A 13 percent drop in the median resale price from a year earlier was the most since records began in 1968 and was likely the largest since the 1930s, the National Association of Realtors said.
“Housing is still in a freefall,” said Nariman Behravesh, chief economist at IHS Global Insight in Lexington, Massachusetts.
The figures were worse than economists had forecast and signal that the battered housing market that led the economy into a recession may be taking another lurch down. Sliding property values mean more Americans will be under water on their mortgages, destroying household wealth and undermining consumers’ purchasing power.
More at Bloomberg.com
A rebuplican's idea of sexual intercourse.
"Clean up on aisle 3!"
That's what Conservatives do, protect the highest criminals in the land from accountability before the law.
http://cryptome.org/eo13483.pdf
Can it come as any surprise that the SEC would be treated with contempt when he ascended to the Presidency?