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This morning, the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises is holding a hearing to assess the alleged $50 billion investment fraud engineered by Mr. Bernard L. Madoff. This is the second in a series of hearings that will help to guide the work of the Financial Services Committee and the Capital Markets Subcommittee in the 111th Congress in undertaking the most substantial rewrite of the laws governing the U.S. financial markets since the Great Depression. Harry Markopolos, an independent financial fraud investigator for institutional investors and others seeking forensic accounting expertise, as well as a Chartered Financial Analyst and Certified Fraud Examiner, testifies. Learn more at: http://www.speaker.gov/blog/?p=1675
Category: NewsTags: Markopolos Madoff Congress Oversight Ponzi SEC
You (SEC) HAVE TOLD CONGRESS NOTHING! SEC Violation of false advertising laws
"Took me about 5 Minutes to figure out Madoff was a fraud!" Markopolos
Congress threatens to close SEC for Madoff! "OATMEAL" SEC opening statements Kanjorski
Ron Paul: SEC Is to Be Indicted and Abolished for illegal investment Ponzi scheme Of Madoff Fraud.
Madoff worked alone "No Madoff had a lot of help - he could not have done this himself! " Markopolos
Markopolos Feared for his life. "I'm the good guy" Markopolos tells Russian Mob & Drug Cartels!
SEC Official Claims Executive Privilege In Refusing to Answer Madoff Questions
The Gonzales Cantata trailer - "This is Not About Alberto Gonzales"
SEC corruption is limitless : Markopolos congress testimony on Madoff fraud
Congressman Spencer Bachus questions at Madoff Ponzi Fraud Hearing
SEC sent in a team of lawyers will not find fraud, SEC incapable of doing the MATH!
Nice.
@sov19871987 Are you serious The World is in a recession because of de-regulation but you reckon we don't need regulators.
We need MORE people like Harry Markopolos to expose criminals and to expose our criminal government, like the S.E.C and others.
Your an idiot
It did.
@projections I can guaranty you that our now "jew free" banks in germany are no better than yours. It´s the system not the religion.
regulators? why do we need them? Let the market do this job
Nicholas cage is Harry Markopolos in..House of cards. Coming to you 2015
@Room0468 i cant,i was born in this shithole. Reagan was wrong,this is the great sATAN
Lord, you're a joke.
Loser
Pelosi was useless - Today on NY News Markopols: "the SEC culture is the same... Don't trust your government" The Americans have the government they deserve!
This is what happens when the Jews intermingle with finanical systems. This is a repeat of what happened in Europe. The fact that the Jewish people 2% of the U.S. population has so much power is sad. The fact that they stick with themselves with their "Jewish Funds" is sad. Some may call me a "racist" but I don't want states within states. And the Jewish people are creating another state in the U.S. that play by their own rules and prey on the American people.
Does anyone have a doubt that a certain gov't agency and SEC worked hand in hand on this? I believe interested parties in the gov't made off (ha) with a substantial amount of the stolen money. This seems like an obvious fact considering how Markopolos's warnings were ignored for so long
Gratuitous self-promotion
I can kind of see where you are getting at and it seems like an US vs. THEM arguement.. There are crooks in sorts of Governments, a good example is our former Prime Minister Jean Chertain he used his position to scam cash plus he avoided Canada directly entering the Iraq war due to his relationship with the French oil company that had a $6 billon oil contract with Iraq. I believe size of population to government is key; people tune out more as populations grows.
I give you the responsibility of pointing out to Americans that socialism in order to cover the crime of looting the treasury is not the same kind of socialism you've experienced in Canada so far.
Unfortunately the system has been overwhelmed with corruption and the gerneral public in your country instead of the the direct participants have been burdened with the losses in bailouts. Here in Canada we have also been made to pay and were not immune to the wall street scams.
As nice as that would be; I have this (self admitted non fact based) gut instinct that tells me the market and our economic system isn't designed to work honestly on all levels.
I don't think it's about money I think it's about integrity some guys just hate cheaters!!! My guess is fear of exposer of relationships between bankers and politicians is what pervents this guy from getting a job offer. If you hired 100 guys and paid 5% commission for revealing every stolen dollar you would either clean up the system or have 100 dead guys... Cheers
@nextthought true but no way the government is able to pay him what he is worth
i cant,i was born in this shithole. Reagan was wrong,this is the great sATAN
I don't get it. You don't like it here, but you won't go back to whatever sh!shithole country you came from.
Banks returned tax payer money with tax payer money by way of AIG.
The money Madoff stole is in Israel -- Madoff's contacts included members of the Israeli government, ADL, and SEC. Ruth Madoff now claims, "the gentiles did it." Watch the Brian Ross interview.
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