Tag ArchivesFor the word: theft
Rant: And the hits keep on coming
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!
+13Rant: Water Water Everywhere…
Over the last month, water companies across the south have been imposing hosepipe bans (and taking the opportunity to increase tariffs and press the Environment Agency, to approve compulsory water meter installation).
While it is certainly true that the last 9 months has been an unusually dry period and this, combined with a significant level of consumer waste has made a bad situation worse, the root cause of the problem is undeniably years of underinvestment in the water infrastructure.
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