Watch The SEC Smackdown!
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No need for pay-per-view… in case you missed it while withdrawing all your money from your bank and hiding it VERY WELL, here’s the Securities and Exchange Commission getting their collective asses handed to them by Congressman Gary Ackerman (D-NY). The Bernie Madoff whistle-blower is right. I spent many, many years on Wall Street, and a performance chart like Madoff’s would have gotten a “good one!” response, followed by “So, okay. Where’s your real chart, man?” Sadly, there are many more Madoffs out there. Really. Get ready for Geithner on Monday…it’s gonna be a bankin’ good time!
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