I really wonder sometimes and can only believe that the problem is the problem is too big so they cannot figure out how to swallow the camel. But think about all the agencies that could do something. FBI, OCC, Dept. of Justice, Dept. of Treasury, State Attorney Generals, Circuit Court Judges, I become discouraged and doubtful and even if they do come riding in to uphold the law, any law, at some point in time, what about all those people who lost their homes today? Why couldn’t you have come one day earlier? But one fighter shared the following bit of hope:
I got a call from the cops today. There were times in my life when that wasn’t a good thing and ordinarily I wouldn’t be so “¦ elated? I hung up the phone smiling.
The SEC Enforcement Division called me because I had filled out a form online about 60 days ago telling them I knew something about the securitization of real estate which might be helpful in their investigations. Apparently I was intriguing enough yet vague enough to warrant a real live person.
Don’t expect much from the SEC. The Financial Crisis Inquiry Commission determined that the 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to a story in the New York Times January 25, 2011 “˜Financial Crisis Was Avoidable, Inquiry Finds’. https://www.nytimes.com/2011/01/26/business/economy/26inquiry.html?_r=1&emc=eta1
The SEC allowed Bernie Madoff to operate a ponzi scheme for years, even when whistleblower Harry Markopoulos repeatedly them. And SEC regulators spent hours watching pornography in their offices during the 2008 financial crisis according to numerous news reports.
Corruption is the problem. Government nonfeasance, malfeasance, and misfeasance; private sector avarice, greed, conflict of interest and breach of fiduciary duty.
Neil Gillespie
Ocala, Florida