For starters, the S.E.C is supposed to protect you ! Remember the Madoff scandal that destroyed hundreds of lives? (Yes, I know, you also remember the S.E.C lawyers scandal – the one where it was recently disclosed that the lawyers downloaded porn at work to such a magnitude that they had to make DVD’s because they overloaded their computer’s memory….)
By the way, not only Madoff but check the other names that are prominent….
Here is the latest from YOUR government: (and make sure you scroll down GretaWire to read about the feckless Department of Justice after you read this:)
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S.E.C. Files Were Illegally Destroyed, Lawyer Says
By EDWARD WYATT
WASHINGTON — An enforcement lawyer at the Securities and Exchange Commission says that the agency illegally destroyed files and documents related to thousands of early-stage investigations over the last 20 years, according to information released Wednesday by Congressional investigators.
The destroyed files comprise records of at least 9,000 preliminary inquiries into matters involving notorious individuals like Bernard L. Madoff, as well as several major Wall Street firms that later were the subject of scrutiny after the 2008 financial crisis, including Goldman Sachs, Lehman Brothers, Citigroup and Bank of America.
The S.E.C. is the very agency that is charged with making sure that Wall Street firms retain records of their own activities, and has
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