"Regulators on defensive over Madoff" by Associated Press | January 28, 2009
Well, they should be: U.S. Government Knew About Madoff Scheme Since 1960
WASHINGTON - Government and industry regulators were put sharply on the defensive yesterday at a Senate hearing over their failure to uncover the more than a decadelong, multibillion-dollar fraud scheme allegedly carried out under their noses by Bernard L. Madoff.
Longer than a decade.
Members of the Senate Banking Committee demanded answers and accountability. They were scarcely satisfied with explanations given by two high-ranking officials of the Securities and Exchange Commission and the interim chief executive of the securities industry's self-policing organization. And they said the Madoff affair clearly showed the need for an overhaul of the patchwork system governing regulation of the financial markets - something the new Congress appears to be moving toward.
"Madoff's fraud was so immense and obvious, and took place over such a long period of time, it is simply inexplicable how the SEC missed it," declared Senator Charles Schumer, a New York Democrat....
Whatever, Chuck!
See: Slimy Schumer
--more--"And I'm not making this up, folks.
Schumer is Jewish, and Madoff's victims (according to the Zionist MSM)?
"Crisis raises questions on Brandeis campus; At issue are speed of cuts, other changes" by Peter Schworm, Globe Staff | January 28, 2009
.... Brandeis was hit harder than other colleges by the Madoff scandal. While it had not invested funds with the accused swindler, many of its top donors had. The school, founded in 1948, is the country's only nonsectarian, Jewish-sponsored university. Many of Madoff's investors, like Brandeis donors, are Jewish....
--more--"That explains the front-page treatment and follow-up in the Zionist War Daily.
Meanwhile, what of the rest of us?
"Bank offers to reimburse clients" by Associated Press | January 28, 2009
MADRID - Spain's Banco Santander offered $1.82 billion yesterday to reimburse clients who lost money in New York financier Bernard Madoff's alleged pyramid scheme in the United States.
Umm, HE CONFESSED, you sorry excuse for journalism! When they LIE about such MUNDANE details, why would they be telling the truth about the big stuff?
As for Madoff, it is pretty clear the Zionist AmeriKan MSM is keeping the lid on this; they don't want the American people to know he sent the money he stole to Israel. The NaZionist War Criminal state already has PR problems here as it is.
Spain's largest bank, one of the institutions hardest hit in the scandal, said it was offering the compensation to private customers. It made no mention of institutional investors. The bank has been sued in Miami by investors who say it didn't adequately scrutinize the investments made with Madoff.
Santander is expected to close on a deal by February to purchase Sovereign Bank, Massachusetts' third-largest lender. The lawsuit, filed in federal court Monday, claims Banco Santander was negligent, contending there was a "plethora of red flags" that should have alerted the bank that Madoff was running what the lawsuit says was Ponzi scheme. The suit seeks class-action status.
A New York lawyer for Madoff didn't immediately return a call seeking comment.... Santander is one of the companies most exposed in the $50 billion scam allegedly run by Madoff. It has said it has total exposure of $3.1 billion in the case, the vast majority of it client money, not its own.
And they did it again (blog author just shaking his head in stunned disbelief; what, the fix in on a deal? Bernie gonna get off?
--more--"
Update: Something the MSM papers haven't been telling us:
"Madoff initially volunteered to cooperate with the investigation, and more recently court documents suggested he may be seeking a plea deal. But investigators say he has not been forthcoming and, even if he did resume cooperating, they no longer consider him a credible source of information."
