Showing posts with label Madoff. Show all posts
Showing posts with label Madoff. Show all posts

Tuesday, December 16, 2008

Ice Day

We were iced in all day, so it SHOULD have been great for blogging.  There just wasn't that much going on! So, just a taste of what seemed to be attracting attention today.  It's all about money.

Why Didn't SEC Look Closer At Madoff?

The Bernie Madoff fiasco is looking more and more like a serious regulatory failure by the Securities and Exchange Commission. The Washington Post confirms that, despite several complaints dating back to 1999, the SEC never examined Madoff's investment advisory business [....]

Fed rate cut

The cut, to a record low of 0 to 0.25 percent, is not exactly a vote of confidence in the economy.
A roundup of news headlines gives you the flavor.UPDATE: The market chooses to be happy about it, for one day at least. The Dow [...]