Search:   Spelling

News -12-29-08 Editorial: A Failure of Oversight and Madoff (Truthout.org) "I think we've had a collapse of the markets caused by three different factors. The three factors all point to the failure of regulatory entities to carry out their missions. One area is the liquidity and capitalization of the major banks, which SEC was supposed to keep an eye on. We've had one bank fail after another. When you look at the scope of those failures, and the magnitude of those failures, you have to ask yourself, how could anybody miss the red flags that these banks were in deep trouble." "The second factor is market manipulation and insider trading. It has been a colossal failure by the SEC. Its failure to investigate the big players gave them a sense they were invulnerable. So, they just got bolder." "The SEC seemed to be doing its best job on investment fraud, but some of the fraud that has surfaced before Madoff raised some questions about the SEC. Madoff is on a new scale." 12-08

Italian, Russian, Greek, Portuguese, Chinese, Japanese, Korean,   Index, New, Search Engines, Dictionary, Bookstore, Licenses, Email Us, About Us, Link to Us, or Privacy Policy.