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...Financial Services Committee hearing, the former investment manager told how his nine years of repeated warnings to SEC enforcement officials went ignored and how they dismissed his detailed "red flag" reports. Markopolos also told the committee that tomorrow he will be turning over evidence to the SEC of another major Ponzi scheme, a $1 billion "mini-Madoff." It's expected that the SEC will pay closer attention to him this time. (Read "Bernie Madoff's Victims: Why Some Have No Recourse...
Markopolos described the crooked returns as "the equivalent of Major League Baseball player batting .966 and no one suspecting a cheat." In the hearing, he used his arm to show the straight upward growth of Madoff's funds, up 45 degrees without any down ticks. "This was the first sign that this was a fraud," Markopolos said...
...others were named as executives to the board, which is responsible for planning major campus-wide social events...
...which was created in 2006 to plan five or six major events each year, is allotted an annual budget of $200,000. McFadden said that a priority will be placed on pushing for “a tougher stance with [University] Hall,” which he said has traditionally kept the CEB’s budget inaccessible, even from its members...
...nearly every major issue - from the auto bailout and the stimulus bill to tax cuts and the delicate question of whether to investigate Bush Administration officials for crimes related to torture - Pelosi has voiced and even pushed through the House differing positions from the President, at times to the embarrassment of Democrats. Obama and Pelosi each, of course, have distinct motives, and personalities: Pelosi is a partisan warrior who must tend to her caucus, while Obama got elected as a postpartisan healer, implicitly attacking the old ways of Washington and striving to appeal to a broader national base...