Stanford better off than Madoff

Started Jun 18, 2012 | Discussions thread
Bill Randall
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Re: Back before financial reform
In reply to Chato, Jun 18, 2012

Chato wrote:

So there were numerous law enforcement agencys charged with protecting the public. They were defunded, they were limited in their powers. They were made completely powerless - In order to free th Capitalist to bulld up our economy.

If enforcement agencies were unfunded it was probably done to use the money elsewhere. This decisions had to be made by our representatives. They have the responsibility to monitor our money and the institutions involved.

I am sure some organizations pressured our government to stop monitoring them. Our representatives could have - should have - said no. I'll put some of the blame on the market place (not all were capitalists I am sure) but the primary responsibility rests with our representatives.

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