I wonder how many of the analyses and statements being made in the aftermath of the Madoff Mess will also apply, sooner or later down the road a bit, to the multi-trillion dollar money piles being printed and passed around by the Sec/Treasury?
Saw a piece on McNeil News Hour this week that about made you want to cry: some legislator or GAO official was adamantly promoting that they ARE GOING TO get procedures and standards in place to GOVERN THE RELEASE AND TRACKING OF THE BILLIONS OF DOLLARS….which (WHOOPS!) have already been released to banks, etc! And now they have discovered (MUCH to their chagrin, doncha know) that the banks are NOT telling them what they did with it. Those naughty, naughty banks.
This is just so ludicrous. Our leaders (all of them) are apparently complete idiots and liars as well. If you and I tried 5% of this level of crap, we’d be arrested.
