Wednesday, February 4, 2009

Madoff Whistleblower Blasts SEC


Edward Manion is another in a long list of examples of ex-Bush administration officials who should go to jail. Whereas, Harry Markopolos (pictured) is an example of someone who should be promoted. All crimes occur in the past. The crimes of the previous administration should not go unpunished -- otherwise, they set the precedent for future lawlessness. I am not advocating witch hunts. Simply, prosecute the criminals, both within the SEC and the bankers who violated SEC rules. If we don't, then any new reforms and oversight will be corrupted just like the previous system. If there is no fear of breaking the law, then it doesn't matter how many new regultors or regulations we create.

2 comments:

Peter said...
This comment has been removed by the author.
Pete1 said...

Removed last comment due to a typo - they need an edit function here!

It said: Agreed, 100% :).

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