Dec. 17, 2008—In an extraordinary admission that the SEC was aware of numerous red flags raised about Bernard L. Madoff Investment Securities LLC, but failed to take them seriously enough, [SEC head] Mr. Cox ordered a review of the agency’s oversight of the .... firm. WSJA1 [after Katrina & Iraq nothing, but when they finally f#$% the investment class they do a review...]
--For two decades, a parade of US officials came to China and lectured Beijing on the necessity of privatizing its banks, said Qu Hongbin, the chief economist for China at HSBC. “So, slowly we did that, and now, all of a sudden, we see everybody else nationalizing their banks.” –NYT A29 [these Asians can be SO sarcastic...]
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