Contumacious
Radical Freedom
Former Federal Reserve chairman Alan Greenspan answered that he had placed his trust in a flawed theory
Fascism is indeed a flawed theory. How many agencies were regulating Bernard Madoff?
The zombified never cease to amaze me.
Apparently none.
The one that was supposed to be, the SEC, was undermanned, and Bernie had one of them in his pocket.
"Peter Schiff, president of Euro Pacific Capital in New York, also raised concerns about the SECs auditing of the firm. Of course, the fact that the SEC routinely audited Madoffs investment company and found nothing wrong is further proof that government regulation of the securities industry is ineffective and has done more harm than good, he said. Rather than protecting investors, it merely lulls them into a falls sense of confidence. If government stayed out, private-sector due diligence would do a much better job of ferreting out such massive and poorly conceived scams."