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Politics : View from the Center and Left
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To: quehubo who wrote (105271)3/1/2009 10:23:52 PM
From: Dale Baker  Read Replies (1) of 540950
 
The interviewee on 60 Minutes said specifically that top Wall Street guys didn't report Madoff because they lived in glass houses themselves for various other reasons, and throwing stones was not high on their agenda.

You are right that an incestuous circle begins between pols, regulators and beneficiaries of loose oversight. This mess certainly began in the Clinton years and reached full cry under Bush's crowd.
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