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Technology Stocks : Globalstar Memorial Day Massacre

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To: Jon Koplik who wrote (540)7/2/2009 5:51:18 PM
From: Maurice Winn1 Recommendation  Read Replies (1) of 543
 
The SEC didn't have time or inclination to investigate the actually criminal Bernie Madoff, but they had time to pursue the fun-loving and as honest as the day is long Great Globalstar Memorial Day Massacre co-conspirators: Dumb times in business finance.yahoo.com <5. SEC Bars Madoff...Just in Time!

All hail the Securities and Exchange Commission, the newest inductee in the Fat-Lot-of-Good-That-Does-Us Hall of Fame.

A mere nine years after SEC staffers started getting hit over the head with red flags about Bernard Madoff's fishy finances, the commission finally got around to taking decisive action: In mid-June, the commission barred the Ponzi-schemer from the securities business.

Of course, this investor protection came only after Madoff stole more than $13 billion, pleaded guilty to multiple felonies and went to jail. With regulators like that, who needs regulators?
>

The SEC employees involved in both should be given jobs more suited to their talents.

Mqurice
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