mlyn

Madoff Hearings Pull Down the Market

Since the regulatory agencies appear to be incompetent, here is a good use of TARP money: Give them out to people like H. Markopolos to do the investigatory work. He can employ many of the unemployed Wall Streeters who have a better nose for fraud than the SEC. Compensation might be a retaining fee, with bonuses or a percentage if they prove a ponzi or naked shorts, or some other fraudulent scheme before the SEC. Thoughts on this?