The following post is a response to the video at: http://money.cnn.com/video/ft/#/video/fortune/2009/01/08/fortune.sloan.sec.010809.fortune
This guy, Allan Sloan, in this "Fortune - CNN" video claims to have "been around forever" and know practically all there is to know about investing and the SEC. He rants and whines while making up ridiculously vague reasons why the SEC should not be blamed for missing the Madoff scandal. Oh, it's not the SEC's fault that they allowed investment firms to police themselves for two decades. It's not the SEC's fault that they ignored tips that clearly raised suspicion that Madoff was stealing. No, we have to expect that these things are just going to happen. As Sloan says in the video, it's more likely that the SEC will catch small-time violators than the Madoffs of the world. What an arrogant idiot!
Technorati Tags: Allan Sloan, CNN, Fortune, investment firm, Madoff, SEC, video
This guy, Allan Sloan, in this "Fortune - CNN" video claims to have "been around forever" and know practically all there is to know about investing and the SEC. He rants and whines while making up ridiculously vague reasons why the SEC should not be blamed for missing the Madoff scandal. Oh, it's not the SEC's fault that they allowed investment firms to police themselves for two decades. It's not the SEC's fault that they ignored tips that clearly raised suspicion that Madoff was stealing. No, we have to expect that these things are just going to happen. As Sloan says in the video, it's more likely that the SEC will catch small-time violators than the Madoffs of the world. What an arrogant idiot!
Technorati Tags: Allan Sloan, CNN, Fortune, investment firm, Madoff, SEC, video
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