Comments on: SEC in the Hot Seat, Facing Ongoing Funding Fight and Criticism Over Ethics https://4closurefraud.org/2011/03/10/sec-in-the-hot-seat-facing-ongoing-funding-fight-and-criticism-over-ethics/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Fri, 05 Dec 2025 19:30:55 +0000 hourly 1 https://wordpress.org/?v=7.0.7 By: Martskers https://4closurefraud.org/2011/03/10/sec-in-the-hot-seat-facing-ongoing-funding-fight-and-criticism-over-ethics/#comment-23696 Thu, 10 Mar 2011 21:13:21 +0000 https://4closurefraud.org/?p=20278#comment-23696 The Schapiro pigeon is coming home to roost. When she was the head of the NASD (now known as FINRA), she had a cozy relationship with Bernie Madoff, who was the head of one of the governing committees of that entity. The NASD was always known to be a handmaiden to the industry it was supposedly “self-regulating.” Schapiro was paid $5 million dollars BY THE INDUSTRY to “regulate” it, and guess what: well, we’ve seen the result of that pathetic exercise.

The NASD turned a blind eye to Madoff’s fraud, as it has to so many others. Harry Markopoulos, the Madoff whistle-blower, in his congressionial testimony even said that while he blamed the SEC for letting Madoff slip through its fingers, he couldn’t blame the NASD, since it was so corrupt (under Schapiro’s leadership)..

It’s long past time to get rid of Mary Schapiro at the SEC and bring someone in who isn’t tainted by his/her kissass relationship with the securities industry.

]]> By: briankkorteesq https://4closurefraud.org/2011/03/10/sec-in-the-hot-seat-facing-ongoing-funding-fight-and-criticism-over-ethics/#comment-23673 Thu, 10 Mar 2011 19:16:36 +0000 https://4closurefraud.org/?p=20278#comment-23673 Why would the law makers who work for the bank give the SEC any money or more money, makes no sense at all, I mean who needs another regulator? the banks do not and the wealthy do not.

]]> By: joe parisi https://4closurefraud.org/2011/03/10/sec-in-the-hot-seat-facing-ongoing-funding-fight-and-criticism-over-ethics/#comment-23671 Thu, 10 Mar 2011 19:08:35 +0000 https://4closurefraud.org/?p=20278#comment-23671 The SEC for years has been racked with the good ol boy network of favors and insider trading. Especially the oldsters still in the business. Should anything change?????????

]]> By: Pamela https://4closurefraud.org/2011/03/10/sec-in-the-hot-seat-facing-ongoing-funding-fight-and-criticism-over-ethics/#comment-23667 Thu, 10 Mar 2011 18:52:34 +0000 https://4closurefraud.org/?p=20278#comment-23667 What ethics they don’t have any never have ,never will.No wonder they are in the hot seat.Tooo bad we can’t make it the electric chair instead of the mundane and oft talked about hot seat.

]]> By: l vent https://4closurefraud.org/2011/03/10/sec-in-the-hot-seat-facing-ongoing-funding-fight-and-criticism-over-ethics/#comment-23650 Thu, 10 Mar 2011 18:25:13 +0000 https://4closurefraud.org/?p=20278#comment-23650 There is definitive proof of an unholy alliance here. There is clear proof this was and still is the biggest Ponzi Scheme robbery of America’s wealth in history, yet not one of the gangsters have been punished. They think the American people are stupid. The American people have had enough of paying for all of the fraud and corruption. We know we were robbed and are stll being robbed. We The People are through believing their lies. We refuse to be slaves for the elite.

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