Bernie Madoff, but he is simply the tip of the Iceberg, distracting us from real issues
The whole Financial Mess we are in can be traced to the Ponzi scheme foisted upon us by the:
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Regulating Agencies who did not do their jobs: FED, SEC, FINRA, OCC, OTS, CFTC & FDIC |
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Investment banks: Goldman Sachs, J.P.Morgan, Bear Stearns, Lehman, Merrill Lynch & Morgan Stanley |
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Real Estate Brokers: Country Wide, New Century Finance, Ameriquest, Washington Mutual, Indy Mac, Wacovia |
Our Government was dysfunctional resulting in the Financial Collapse of 2007 &2008
It is often said - there is plenty blame to go around which is true. The problem that with this attitude, no one is held accountable and to this date very few people have gone to jail.