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Staggering extent of regulators' incompetence
Posted: Saturday, August 13, 2011

Posted: 10/7/2009 8:13:31 AM

By: froggy

Staggering extent of bankers incompetence for a start

Posted: Saturday, August 13, 2011

Posted: 10/5/2009 2:26:37 PM

By: Figures

Not sure that any part of the U.S. government worked well during the Bush years. You fill up the system with a bunch of the "Liberty Law School" types and Bible thumpers with few working brain cells, and stuff like this is what happens.

Difficult to have much sympathy for those who invested with Sir Stealalot though; pretty obvious scam.

Internal Administrator
Posted: Saturday, August 13, 2011
Joined: 10/12/2010
Posts: 5780

Posted: 10/5/2009 2:24:05 PM

By: too good to be true

More disgrace was heaped on the USA's financial system over the weekend, with the revelation that regulatory authority FINRA ignored a five-page letter in 2005 explaining why Allen Stanford's reported returns on Antiguan certificates of deposit were "too good to be true"


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