Tuesday, December 16, 2008

Failure is an option

SEC Failed to Act on ‘Credible, Specific’ Madoff Tips, Cox Says

And, it has no consequences. The buck don't stop at all.

The head of the SEC says they failed to act. Shouldn't the minimal charge of incompetence be enough to make his immediate resignation an afterthought? This is a fucking banana republic with imported bananas.


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