Wednesday, December 17, 2008

Pot Dodd accuses Kettle Madoff

"The SEC, already faulted in connection with the collapse of Bear Stearns Cos. and Lehman Brothers Holdings Inc., now faces criticism for failing to detect what Madoff termed “a giant Ponzi scheme.” Senate Banking Committee Chairman Christopher Dodd, a Connecticut Democrat, and Senator Charles Grassley, an Iowa Republican, have questioned its vigilance in enforcing securities laws." Bloomberg

And where was Dodd during the banking failures, during the Fannie Mae melt down, during the scummy scammy non-profit housing agencies blackmailing the banks in the name of diverse neighborhoods and multicultural mortgages? We've got the foxhound watching the fox watching the hen house with nary a yelp or growl.

1 comment:

Anonymous said...

Murray sez:
Not to worry. Come Jan 20th our elected champion will be riding in on his white horse and clean up Washington, fix the financial markets, solve the big 3 problems, lower taxes, end the war, and make the rest of the world love us. He will accomplish this along with his "new" cabinet of recycled Clintoniums.
Oh, by the way, congratulations on your recent Blog recognition.