tag:blogger.com,1999:blog-2948538160252327076.post4317846993203257930..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: The 3 o'clock lunch breakAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2948538160252327076.post-26862058630113559072009-09-07T23:23:57.694+01:002009-09-07T23:23:57.694+01:00That other Ponzi scheme called the UK economy is a...That other Ponzi scheme called the UK economy is about to implode too.<br /><br />Days away.TheBinMannoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-19570179124947698632009-09-07T03:29:38.294+01:002009-09-07T03:29:38.294+01:00And another fascinating bit from that article: Fro...And another fascinating bit from that article: <i>From 1992 until the Madoff empire imploded, one inquiry after another went nowhere, the inspector general said. Some investigators “weren’t familiar with securities laws,” and some seemingly refused to believe their own ears even when Mr. Madoff contradicted himself or offered illogical answers to questions.</i><br /><br />They weren't familiar with securities laws? Wouldn't their job descriptions include familiarity with securities laws? What, exactly, were their jobs if not enforcing securities laws?<br /><br />Madoff seemed to be certain he would never be caught, because he knew the people at the SEC were not competent.<br /><br />Only the implosion of the market itself finally unearthed the scheme, and he turned himself in.<br /><br />When the FBI arrived, his statement was: <i>There is no innocent explanation.</i><br /><br />Difficult to remember this story broke only nine months ago...OldSouthhttps://www.blogger.com/profile/01381229263357074199noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-54340184215379504222009-09-06T19:27:40.512+01:002009-09-06T19:27:40.512+01:00LOL,
"Gordon Gekko"
that was funny!LOL, <br />"Gordon Gekko"<br />that was funny!ali babanoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-20512827064248403992009-09-06T17:47:18.043+01:002009-09-06T17:47:18.043+01:00Lunch is for wimps, even at three o clockLunch is for wimps, even at three o clockGordon Gekkonoreply@blogger.com