Friday, February 6, 2009

An epic kick in the naughty bits

Just to close the loop on an earlier post regarding the Madoff hearing, the House Financial Services Committee had a second panel before them after Harry Markopolos finished his stunning testimony. The second panel consisted of:

  • Ms. Linda Thomsen, Director, Division of Enforcement, U.S. Securities and Exchange Commission
  • Mr. Andrew J. Donohue, Director, Division of Investor Management, U.S. Securities and Exchange Commission
  • Mr. Erik Sirri, Director, Division of Trading and Markets, U.S. Securities and Exchange Commission
  • Mr. Andy Vollmer, Acting General Counsel, U.S. Securities and Exchange Commission
  • Ms. Lori A. Richards, Director, Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission
  • Mr. Stephen Luparello, Interim Chief Executive Officer, Financial Industry Regulatory Authority
You might be asking yourself, "Did Congress rip these people a new one?" The answer is yes. Yes they did. Watch:
video
I don't know if any of this will do any good. However, I would not be surprised if this tale ends with somebody hiding a Russian submarine somewhere in the Great Lakes region. I'm just sayin'.

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