Madoff Whistleblower Harry Markopolos: Big Banks Are Ripping Off Pension Funds (VIDEO)

“They are stealing large, but that’s how banks do it”


5 Responses to “Madoff Whistleblower Harry Markopolos: Big Banks Are Ripping Off Pension Funds (VIDEO)”
  1. As Markopolos states, very distinctly in “They Wouldn’t Listen, “After [Bernie] Madoff’s collapse, we would succeed in exposing the SEC as one of the nation’s most incompetent financial regulators…. The last thing any of us expected [after Markopolos’ fraud investigation team submitted the last documents titled, “The World’s Largest Hedge Fund is a Fraud,” to the SEC in November 2008] was that the New York office would take the evidence and basically bury it…. In retrospect, I don’t know why I was surprised. Expecting the New York office to respond any differently than it had in the past was sort of like handing the Three Stooges a rubber mallet and expecting them not to hit each other over the head with it.”

  2. Beth A. says:

    Linked to this video via
    Check it out – sort of gave me an “ah-ha…scary” moment: I’d never heard the term “human farming”…now, I feel so “used”. Time to get out of the matrix…

    The poster was not the creator – after viewing, you can find other interesting thoughts at freedomain radio …some interesting stuff.

  3. To tell the Truth says:

    Who actually benefits from allthese settlements? We, the People or the Gov and the States? Have we now become the milking cows for them? How is the benefits from the settlements trickle down to us who are the ones defrauded?

    • lvent says:

      The politicians and their criminal friends are who benefit..All of this criminal behavior is why these crooks are financially robbing, raping and pillaging MAINSTREET to cover their criminal asses for all of their fraud.. the U.S. Government is continuing to allow it…that is treasonist and it is destroying prosperity in America…… .We have a corrupt and broken system that favors the wealthy and makes them wealthier. The only ones who ever benefit from settements with criminals are really criminals themselves..They get all of the tax breaks and all of the wealth and hand us the bill for all of their criminal friends on Wall Street’s ongoing criminal activity. Their shit is catching up to them..and trickling up to them..They can’t keep their Ponzi Scheme going much longer without using all of us to defraud…That is why they are coming for the Social Security, the Medicare and whatever pension money they can get their greedy hands on…Thank You Harry Markopolos!! I hope this does not fall on deaf ears…Someone needs to stop these crooks before there is nothing left….Nye Lavalle reported these crooks created 40 trillion in debt with their Mortage Fraud Ponzi Scheme with only 8 trillion in real estate to back that up… they are running out of stuff to steal and then their day of reckoning will come….they are who is insolvent and broke, they are liars and just want all of us to pay for their crimes.. That is why they are stealing from all of us. It is financial terrorism..Ben Bernanke is talking a QE 3 and if he does that to prop up these crooks he should be thrown right in prison where he should be forced to stay and await trial for treason….

  4. Stupendous Man - Defender of Liberty, Foe of Tyranny says:

    At the end of the video, “They’re easy to prove. The math never lies.”

    That isn’t the attitude or practice our regulators commonly take.

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