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All Posts Tagged With: "Senator Schumer"

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Who Was the SEC Harassing Instead of Madoff?

Investigators wondered why the agency had let Madoff run billions in suspicious trades without ever checking them out. The SEC responded by saying it lacked sufficient resources. Then, New York Senator Schumer said he would propose a measure to increase the agency’s spending power by 75%…

September 8th, 2009 | Bill Bonner | 2 comments | Continued
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Madoff Astonished SEC Didn’t Verify His Claims

In response, the SEC says it “doesn’t have the resources” necessary to keep an eye on “the exploding number of financial firms.”

September 7th, 2009 | Bill Bonner | 0 comments | Continued
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