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The crime that the bu$h regime needs to investigated for more than any...

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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 06:56 AM
Original message
The crime that the bu$h regime needs to investigated for more than any...
Their mishandling of the economy.

We are hearing all these reports of warnings from former Standford employees that it was a ponzi scheme and how the SEC was called off each one. And how Stanford was under investigation for several years but no action was taken. How long does it take for an investigation into a ponzi scheme to turn up evidence?

Now I see a article in LA Times about INDYMAC:

Federal regulators ignored problems at IndyMac, report finds

The Treasury Department's inspector general says the Office of Thrift Supervision missed key signals pointing to shaky loans, leading to the mortgage lender's collapse last summer.
By William Heisel
February 27, 2009
Federal regulators ignored repeated warning signs about Pasadena's IndyMac Bancorp., and their failure to prevent the mortgage lender's collapse last summer cost the Federal Deposit Insurance Corp. $10.7 billion, according to a government report released Thursday.

The report by the Treasury Department's inspector general said regulators should have seen that IndyMac was built on a house of cards -- shaky loans based on inflated property values.


http://www.latimes.com/business/la-fi-indymac27-2009feb27,0,3843538.story


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SoFlaJet Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 07:06 AM
Response to Original message
1. what about
the tractor trailer full of cash that mysteriously disappeared in Iraq. I want Blackwater and Halliburton prosecuted and jailed and NEVER given ANY more government contracts. Can you IMAGINE if that had happened under Bill Clinton say in Somalia? You NEVER hear a peep about that dastardly deed.
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 07:09 AM
Response to Reply #1
2. If that would have happened under Clinton they wouldn't have
had to plant Monica.
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Thothmes Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 07:14 AM
Response to Reply #2
3. Actually Madoffs ponzi
started in the late 80s. The Clinton administration missed it also?
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