Sunday, January 11, 2009

Federal Regulor cries

Weeps. Real tears.

It seems that a Ms. Cheung runs the New York City bureau of the Securities and Exchange Commission. She signed off on the report that cleared Bernard Madoff of what turned out to be a $50 Billion dollar fraud. After being told dozens of times that it was a fraud.

So why's she crying? People are asking why her department didn't catch him. Fortunately, TJIC goes on a very amusing and 100% spot on rant.
This 37 year old is mature enough to suck down a nice government salary, she’s mature enough to have a nice government office, and she’s mature enough - well, maybe - to chief of the NYC branch of the SEC … but then she teers up when someone says “Uh, hey, you didn’t do your job” ?
RTWT, and his other stuff as well.

No comments: