Quote:
Originally Posted by Brian Carlton
He never figured out the scheme. He did see some anomalies that would result in returns that could be nowhere near the claimed 12% and he also saw a consistent return over many years which is basically impossible.
Unfortunately, his concerns fell on deaf ears.
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The part of that piece that really amazed me (I must have missed it when they first showed it some months back) was where he contacted all the major traders he knew at the Chicago board, and he claims to know most of them, and none of them had any recollection of trading with Madoff.
If the FCC was truly interested in looking at this guy, how hard would it have been to investigate the paper trail of his investments on behalf of his clients?
Mitt Romney and other Reaganites go on and on and on about cutting useless regulation. Fact is, regulation is way weak right now and has been for some time.