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SEC Rejects Madoff Customer Damage Claim for $1.7 Million; Lawsuit Likely

National News • June 24, 2009
The U.S. Securities and Exchange Commission has rejected an attempt by a Bernard Madoff customer to get the agency to pay $1.7 million she lost in the fraud, setting the stage for a federal ...

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Subject: Government Oversight

Posted On: June 25, 2009, 7:19 am CDT
Posted By: Fred Hilpert
Comment:
I think it is time to hold government responsible for all "oversight".

The Securities and Exchange Commission and is a beautiful example - authority with NO responsibility.

If out federal, state, county, or cities governments bring into existence an "oversight" organization, we the people have the constitutional right to hold it accountable. The Bernard Madoff case shows that the SEC was just a bunch of lazy bureaucrats smoking and joking on my tax dollar.
Subject Posted By Posted On
Government Oversight Fred Hilpert
Jun 25, 2009, 7:19 am
Hope this is just a start Swindler
Jun 24, 2009, 5:28 pm
I hope they win Baxtor
Jun 24, 2009, 5:26 pm
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