Sometimes it pays to actually read what the article says that you link to: Rock Dem (no, I won’t post a link to it, it is a mindless echo chamber of the liberal Democraps. They don’t even have the brains to actually come up with original thoughts or words, they just link to leftist propaganda 95% of the time) recently linked to an LA Times article about a guy who had been complaining since 2000 to the Securities and Exchange Commission (The SEC) that Bernie Madoff was committing fraud. Of course, those idiots were using the article to show, “See, the Pubs lax over-sight allowed Madoff to scam billions of dollars, blah blah blah.”
But here is the real money quote of the article that they linked to in the LA Times:
[Markopolos is the whistle-blower:] “While the SEC is incompetent, the securities industry’s self-policing organization, the Financial Industry Regulatory Authority, is “very corrupt,” Markopolos charged. That organization was headed until December by Mary Schapiro, President Barack Obama’s new SEC chief.”
So, The Bumbler in Chief promotes to the head of the SEC the person who was the head of a “very corrupt” Regulatory Authority. Somehow, the Mastah of Disastah from the mean streets of Chicago somehow always manages to surround himself with corrupt individuals. Gee, I wonder why that is?