diaTribe » madoff http://bandannaclub.com/blogwp The diaTribe blog is our occasional take on life, the universe and everything. Observations on current affairs, the environment, politics, humour and music/gig reviews. Travel diary and extreme sports stories, along with the usual rants/raves are also chucked in for good measure. Sat, 07 Feb 2026 19:21:49 +0000 en-US hourly 1 Rant: And the hits keep on coming http://bandannaclub.com/blogwp/2008/12/16/rant_and_the_hits_keep_on_coming/ http://bandannaclub.com/blogwp/2008/12/16/rant_and_the_hits_keep_on_coming/#comments Tue, 16 Dec 2008 11:36:54 +0000 Phil http://bandannaclub.com/blogwp/2008/12/rant_and_the_hits_keep_on_coming/ ... more »

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Jaysuz! Ya couldn’t make it up could you? Just when you think that the finance watchdogs of the western world couldn’t fuck up any worse, along comes the story of Bernard Madoff and his 50 billion pyramid scheme.

Not only did the SEC fail to perform even a spot inspection of this geezer as a matter of routine, they appear to have entirely ignored / failed to act on information received from an apparently reliable source, advising them of the large-scale Ponzi fraud being perpetuated by Madoff for years!

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