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Unfortunately, Markopolos said, his report was sent down to the SEC's New York branch chief Meaghan Cheung, whom he said "never grasped" the concepts "nor was the slightest bit interested in asking questions...

Author: /time Magazine | Title: A Madoff Whistle-Blower Tells His Story | 2/4/2009 | See Source »

...story that seemed part financial doctoral thesis and part financial thriller, Markopolos told of his years of toil on the Madoff case, with often "disastrous meetings" with SEC enforcement chiefs. It was in 2005 when Markopolos wrote his now famous and lengthy report detailing Madoff's giant Ponzi scheme and pointing out 29 red flags. He sent it to the SEC, and nothing happened. But when he finally met the SEC's Boston branch chief, Mike Garrity, who had a willingness to "think outside the box," he felt some hope...

Author: /time Magazine | Title: A Madoff Whistle-Blower Tells His Story | 2/4/2009 | See Source »

...only one who should be issuing mea culpas. Earlier this week, heath and human services secretary pick Tom Daschle became the second of Obama’s nominees to withdraw his name from consideration because of tax problems. This happened only a few hours after prospective chief performance officer Nancy Killefer did the same. Daschle explained that he withdrew so that his mistake would not “be a distraction” from Obama’s health-care initiative, but the sentiment was too little too late: Both developments unfolded in the midst of controversy surrounding recently confirmed...

Author: By The Crimson Staff | Title: Taxation and Our Representation | 2/4/2009 | See Source »

None of the names being bandied about to take Daschle’s place have both his knowledge of policy minutiae and his political acumen. Some are wonks, like Daschle’s would-be deputy Jeanne Lambrew. Others are skilled political operators, like Clinton chief of staff and Center for American Progress president John Podesta. But not one can match Daschle in both arenas. Given that both of these skill sets are to be critical in passing a universal health care bill, any possible replacement will not be as effective as he would have been...

Author: By Dylan R. Matthews | Title: To Your Health? | 2/4/2009 | See Source »

...Secretary Timothy Geithner's failure to pay nearly $40,000 in taxes, Daschle's nomination was turning into fodder for political opponents and late-night comedians. It didn't help matters that on Tuesday morning, another Obama appointee, Nancy Killefer, withdrew her name from consideration for the position of chief White House performance officer amid reports that she had failed to pay unemployment taxes for household help in the District of Columbia...

Author: /time Magazine | Title: Did Daschle Bow Out Too Soon, or Was It Inevitable? | 2/3/2009 | See Source »

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