SEC Caught destroying files on wallstreet firms to cover up eveidence of fraud!

Discussion in 'Politics' started by MikeFrank, Aug 18, 2011.

  1. MikeFrank
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    MikeFrank Member

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    Imagine a world in which a man who is repeatedly investigated for a string of serious crimes, but never prosecuted, has his slate wiped clean every time the cops fail to make a case. No more Lifetime channel specials where the murderer is unveiled after police stumble upon past intrigues in some old file – "Hey, chief, didja know this guy had two wives die falling down the stairs?" No more burglary sprees cracked when some sharp cop sees the same name pop up in one too many witness statements. This is a different world, one far friendlier to lawbreakers, where even the suspicion of wrongdoing gets wiped from the record.


    More : SEC Caught destroying files on wallstreet firms to cover up eveidence of fraud!
     
  2. Oddball
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    Oddball BANNED Supporting Member

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    Wow...SEC bureaucrats destroying the evidence of their incompetence, ineptitude and outright malfeasance!?!???

    Who do they think they are, the FBI/BATF?
     
  3. Conservative
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    Conservative Type 40

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    might be better to link to the actual article first, instead of another forum post that then links to the article, Mike. I'm just sayin.

    To save time...
    Is the SEC Covering Up Wall Street Crimes?
    The words 'may have', and 'possibly' appear quite often in the article.

    Essentially, there is a 'whistle blower', claiming this. The investigation is ongoing, as it should be. If the allegations are accurate, heads should roll... MANY heads. NOt, however, until due process has been followed.

    The title of the OP is, misleading... a bit ;)
     
  4. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Well its more like putting cats into place to protect the fish.

    A good many SEC appointments came out of the very industry that they are supposed to be overseeing.

    Kinda like deregulating without deregulating.:lol:
     
  5. Oddball
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    Oddball BANNED Supporting Member

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    And you have the nerve to call libertarians anarchists. :doubt:
     
  6. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Seeing that I've actually worked in the industry and know the game..I calls them as I sees them.

    SEC is woefully underfunded and lousy with corruption.

    But it's better then nothing. Which is what you "anarchists" want.
     
  7. FuelRod
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    FuelRod Gold Member

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    Is this all over the Texas A&M thing? ;)
     
  8. MikeFrank
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    MikeFrank Member

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    Lol, better than nothing? Nothing would allow other law enforcement to be involved rather than a coverup agency hiding under the government flag!
     
  9. KissMy
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    KissMy Free Breast Exam

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    If we had no SEC creating the false sense of security that duped investors into believing the system was fair & trustworthy citizens would have been far better off. The government created the 401k blind faith citizen investors who were lead to slaughter.
     
  10. MikeFrank
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    MikeFrank Member

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    I must have missed that one, please explain.
     

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