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More Bad Obama Appointee News

Mike

Well-known member
A Democratic official says President-elect Barack Obama has chosen Mary Schapiro to head the Securities and Exchange Commission, turning to a veteran of the agency to try to revitalize it.

Schapiro is currently the head of the Financial Industry Regulatory Authority, the largest non-governmental regulator for securities firms doing business with the public. Before that, she served as chairman of the Commodities Futures Trading Commission and six years as a member of the SEC.
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Harry Markopolos testifed yesterday on the Madoff Scandal that FINRA, the "Financial Industry Regulatory Authority" was not only incompetent, but corrupt.

His testimony kept pointing a finger at the Boston SEC office, which he claims was holding back regulators from investigating Madoff. From indications, it could go all the way back to Barney Frank. I hope so. That clone needs to go.

Markopolos also testified that he had evidence that Madoff had run his Ponzi scheme for years and said that in May of 2000 it had grown to a $7 BILLION entity by then.

Congress has oversight of the SEC and has failed a lot of people. Obama is putting the very same corrupt players in control.

Somehow these big money players have got to be held from growing so large.
 
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