The SEC chairman said he was "gravely concerned by the apparent multiple failures" of SEC staff to look into claims about Mr Madoff.
Mr Cox said: "Credible and specific allegations regarding Mr Madoff's financial wrongdoing, going back to at least 1999, were repeatedly brought to the attention of SEC staff, but were never recommended to the commission for action."
This meant staff had to rely on data voluntarily produced by Mr Madoff's firm, rather than use a subpoena to obtain information, he said.
Mr Madoff, who was arrested on Thursday, ran a fund that paid annual interest of about 10% but prosecutors say it was, in effect, similar to a pyramid scheme, with money from new investors paying off old ones.
Quote by BobR:
Here's a bonus click to today's blog: I was trying to figure out a way to work it in, but couldn't
Neocon pundit says soldiers had to die despite us knowing Saddam had no WMD.
Disgusting asshole pig.
Quote by velveeta jones:
Morning. Why is there always some RW tool on the line when I log on? Is it me? :blink:
"Now many of our Christians have what I call the goo-goo syndrome — good government. They want everybody to vote. I don't want everybody to vote. Elections are not won by a majority of people, they never have been from the beginning of our country and they are not now. As a matter of fact, our leverage in the elections quite candidly goes up as the voting populace goes down."
Quote by Scoopster:
Following the cries against Rick Warren, here's more outrage at some folks headlining at the inaugural.
Aaaand good morning! :coffee2:
Quote by TriSec:
Neil Diamond!
:jams pencil in eardrum:
Quote by Raine:
Are the wingers aware that Fitzy is a *ush appointment?
Quote by Raine:
Are the wingers aware that Fitzy is a *ush appointment?
Quote by Raine:
The Volt plant is put on hold...
No need to kill the electric car again... they just put it into a coma.
Quote by Raine:
I LOVED Mousetrap!
Quote by BobR:Quote by Raine:
I LOVED Mousetrap!
luxury.
We were so poor, we had to play Rat Trap. Our parents gave us a real rat trap loaded with a tiny square of stale chocolate. If you could get the chocolate out without snapping off a finger, you could eat it.
Quote by Raine:
I think Everyone on the national mall should simply turn their backs during the invocation.
Quote by TriSec:
We could all kiss a person of the same gender at that time.
Quote by starling310:
I noticed Kevin hadn't been calling, but I DIDN'T MENTION IT!!!!
Quote by TriSec:Quote by Raine:
I think Everyone on the national mall should simply turn their backs during the invocation.
We could all kiss a person of the same gender at that time.
Quote by BobR:Quote by TriSec:
We could all kiss a person of the same gender at that time.
*edges away from TriSec...*
Quote by BobR:
*edges away from TriSec...*
Quote by Random:
Random is busy.
Random is checking in.
Yes Random is still alive.
さようなら
Quote by Raine:ooOOOoo Random going international.Quote by Random:
Random is busy.
Random is checking in.
Yes Random is still alive.
‚³‚悤‚È‚ç
Quote by Raine:ooOOOoo Random going international.Quote by Random:
Random is busy.
Random is checking in.
Yes Random is still alive.
さようなら
Quote by Random:Quote by Raine:ooOOOoo Random going international.Quote by Random:
Random is busy.
Random is checking in.
Yes Random is still alive.
‚³‚悤‚È‚ç
Random is learning Japanese, and going to start teaching it.
Maybe teaching my blog.
Quote by TriSec:
eeep! WGBH just played some snippets of the "It's a Wonderful Life" soundtrack....
Does that affect my status as never having seen as much as one second of this film?
(one of the many that I wear as a badge of honor; see also "The Godfathers" and many others.)
Quote by wickedpam:Quote by Random:Quote by Raine:ooOOOoo Random going international.Quote by Random:
Random is busy.
Random is checking in.
Yes Random is still alive.
‚³‚悤‚È‚ç
Random is learning Japanese, and going to start teaching it.
Maybe teaching my blog.
ohhh - how cool - the litte Japanese characters did not show up on my work computer so I was wonding what Raine was refering too :)
Quote by TriSec:
eeep! WGBH just played some snippets of the "It's a Wonderful Life" soundtrack....
Does that affect my status as never having seen as much as one second of this film?
(one of the many that I wear as a badge of honor; see also "The Godfathers" and many others.)
Quote by livingonli:
At least it's not like in the 80's when the movie was on every day on almost every channel.
Quote by livingonli:
These days there aren't that many stations that run public domain films I guess because they can use infomercials instead and get paid for that air time.
Quote by Random:Quote by livingonli:
These days there aren't that many stations that run public domain films I guess because they can use infomercials instead and get paid for that air time.
I wish they did. I love it's a wonderful life. Course i love Jimmy Stewart.
Quote by wickedpam:
international? Is Random abroad?
Quote by livingonli:Quote by Random:Quote by livingonli:
These days there aren't that many stations that run public domain films I guess because they can use infomercials instead and get paid for that air time.
I wish they did. I love it's a wonderful life. Course i love Jimmy Stewart.
Except for the loophole that took It's a Wonderful Life out of the public domain. Even if that were the case, it would still only get the 2 showings on NBC.
Quote by BobR:Quote by wickedpam:
international? Is Random abroad?
No, he's a guy.
Quote by Random:Quote by TriSec:
eeep! WGBH just played some snippets of the "It's a Wonderful Life" soundtrack....
Does that affect my status as never having seen as much as one second of this film?
(one of the many that I wear as a badge of honor; see also "The Godfathers" and many others.)
You've never seen "It's a Wonderful Life?"
Dear lord...how the hell can you not have seen that movie?
Quote by wickedpam:Quote by Random:Quote by Raine:ooOOOoo Random going international.Quote by Random:
Random is busy.
Random is checking in.
Yes Random is still alive.
‚³‚悤‚È‚ç
Random is learning Japanese, and going to start teaching it.
Maybe teaching my blog.
ohhh - how cool - the litte Japanese characters did not show up on my work computer so I was wonding what Raine was refering too :)
Quote by Raine:
I have to agree with Random... you call yourself American, sir?
Quote by Raine:
Of course, when I quoted it... I saw this: ‚³‚悤‚È‚ç
When Random wrote it, it looked Japenese. VERY cool.
Quote by TriSec:
Heading to the store in a little while. Going to play my least-favorite holiday game..."How many minutes will I be on the sales floor before hearing Paul McCartney?"
Which a friend declared the "worst Christmas song ever."
Quote by BobR:Quote by TriSec:
Heading to the store in a little while. Going to play my least-favorite holiday game..."How many minutes will I be on the sales floor before hearing Paul McCartney?"
Which a friend declared the "worst Christmas song ever."
There's a lot of stiff competition (and I do mean stiff) for that dubious honorarium.
Quote by clintster:Quote by BobR:Quote by TriSec:
Heading to the store in a little while. Going to play my least-favorite holiday game..."How many minutes will I be on the sales floor before hearing Paul McCartney?"
Which a friend declared the "worst Christmas song ever."
There's a lot of stiff competition (and I do mean stiff) for that dubious honorarium.
You know, you'd think that one half of the greatest songwriting duo in rock history could come up with something better...
Oh wait, he did:
Happy Christmas (War is Over)
Now Sir Paul, on the other hand...
And he didn't even have the "unidexter slag" to blame it on.
Quote by clintster:
Five down and one final to go. I think I just might survive my first semester as a teacher.
BTW, Blogger Joe is a go!
Quote by Scoopster:
Interesting to see some of the wingnut reaction to the Rick Warren thing...
Hmm..
I think the reason we're having a more negative reaction to this than the wingnuts is that from our perspective, despite his efforts to combat truly difficult problems like AIDS and poverty, he has openly advocated simple-minded discrimination against his fellow man, and he has done so in his capacity as a religious leader. It's both the fact that his views from the pulpit breed hatred, and that they are directly hypocritical to the philosophical teachings of Jesus.
I can understand what Obama is trying to do here. I can see how it fits into the grand themes of the campaign, and those that he wants to carry beyond the campaign. But it's a damned difficult pill to swallow.
Quote by Mondobubba:
Star Trek killed the blog!
Quote by clintster:
Sad day... Majel Barrett-Roddenberry has passed on.