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SEC may have destroyed documents, senator says
Marketwatch ^ | 8-17-2011 | Robert Orol

Posted on 08/17/2011 2:22:03 PM PDT by johniegrad

WASHINGTON (MarketWatch) — The Securities and Exchange Commission may have destroyed documents and compromised enforcement cases involving activity at large banks and hedge funds during the height of the financial crisis, according to allegations made by a lawmaker on Wednesday.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Government
KEYWORDS: destroyed; documents; funds; sec
Subtitle of article: Grassley: Agency may have got rid of Goldman, Madoff documents
1 posted on 08/17/2011 2:22:06 PM PDT by johniegrad
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To: johniegrad

I think I saw a Taibbi piece out today along these lines. Will have to check later.


2 posted on 08/17/2011 2:24:18 PM PDT by Huck (Read Antifederalist Brutus)
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To: johniegrad

I thought this was an article about another college football scandal.


3 posted on 08/17/2011 2:25:07 PM PDT by thefactor (yes, as a matter of fact, i DID only read the excerpt)
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To: johniegrad

here it is

http://www.freerepublic.com/focus/f-news/2765029/posts


4 posted on 08/17/2011 2:25:38 PM PDT by Huck (Read Antifederalist Brutus)
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To: thefactor

Sorry to disappoint you.


5 posted on 08/17/2011 2:26:01 PM PDT by johniegrad
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To: Huck

Yep. The article indicated that the story broke in the Rolling Stone. Good to see our alphabet networks doing their terrific job of investigative reporting. Perhaps the evening news will cover Bachman eating a corn dog.


6 posted on 08/17/2011 2:27:57 PM PDT by johniegrad
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To: johniegrad

Taibbi has done a great job on these financial sector articles. The cartoons that go with them are very good, too. Nast-like.


7 posted on 08/17/2011 2:32:38 PM PDT by Huck (Read Antifederalist Brutus)
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To: johniegrad

Evidence shredded by Enron: someone goes to jail.

Evidence shredded by SEC: one of those things.


8 posted on 08/17/2011 2:32:38 PM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: thefactor
I thought this was an article about another college football scandal.

LOL - that's exactly why I clicked on the link. Now that I see the underlying source is Rolling Stone I know what the template is going to be. Wall Street bad; government good. There's plenty of blame to go around for the financial crisis in 2008, but any explanation that doesn't point a big finger at the Dems behind the CRA, Fannie, Freddie, etc. is BS.
9 posted on 08/17/2011 2:33:52 PM PDT by rockvillem
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To: rockvillem

How do you turn an accusation of the SEC tampering with evidence in criminal investigations as “government good”?


10 posted on 08/17/2011 2:38:23 PM PDT by johniegrad
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To: johniegrad

THROW THEIR ASSES IN JAIL~! NOW!!!


11 posted on 08/17/2011 2:48:14 PM PDT by Mr. K (CAPSLOCK! -Unleash the fury! [Palin/Bachman 2012- unbeatable ticket])
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To: johniegrad

Sorry I wasn’t really clear - was referring to the underlying Taibbi Rolling Stone article linked to in post 4. The thrust is more that the government has been corrupted by corporate interests. The corruption may indeed have occurred, but somehow I doubt that Rolling Stone is ever going to consider the role that any liberal Democrat and/or the government played in the financial crisis. That was all.


12 posted on 08/17/2011 2:48:25 PM PDT by rockvillem
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To: rockvillem

Thanks.


13 posted on 08/17/2011 2:50:53 PM PDT by johniegrad
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To: thefactor
“I thought this was an article about another college football scandal.”

LOL! I thought the same thing. Living in Texas and watching the dance Texas A&M is doing so to escape the Big 12, I was thinking that the SEC (South Eastern Conference) may have destroyed some doc's concerning making overtures to A&M :) Actually, I find the SEC as in football a heck of a lot more interesting than the SEC as in the Securities and Exchange Commission...

14 posted on 08/17/2011 2:59:39 PM PDT by snoringbear (Government is the Pimp,)
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To: johniegrad

The public was never supposed to know where that money went. A significant part of it went to foreign banks and investors.


15 posted on 08/17/2011 3:02:51 PM PDT by CharlyFord (t)
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To: johniegrad
Flynn also alleged that the agency destroyed documents and information collected for preliminary investigations at Wells Fargo & Co. WFC , Bank of America Corp. BAC , Citigroup C , Credit Suisse CS , Deutsche Bank DB Morgan Stanley MS and the now-bankrupt Lehman Brothers.

Hmmm! What did they cover up now? Transparency? What Transparency?

16 posted on 08/17/2011 3:15:00 PM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: CharlyFord
The public was never supposed to know where that money went. A significant part of it went to foreign banks and investors.

Bingo! We have a winner!

17 posted on 08/17/2011 3:17:55 PM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: johniegrad

Perhaps the evening news will cover Bachman eating a corn dog.

lol
thanks johnie, I needed the laugh.


18 posted on 08/17/2011 3:57:50 PM PDT by spankalib
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To: johniegrad
As you read through this article it becomes obvious there is a culture of corruption at the SEC.

The next election will not be about one man or woman, but who and what culture they bring to Washington. Business as usually with, Goldman Sachs, CFR, globalist ..is not an option if we are going to thrive.

SEC Rewards Investigator Who Botched Madoff Probe Judicial Watch

19 posted on 08/17/2011 4:23:57 PM PDT by opentalk
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To: johniegrad

Bet they still have their porno though.


20 posted on 08/17/2011 4:27:39 PM PDT by TADSLOS (Free Republic- Still AAA++ rated)
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To: johniegrad

time for a Grand Jury investigation??


21 posted on 08/17/2011 4:34:45 PM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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