Commentary

Federal Regulators Repeatedly Failed to Stop Bernard Madoff - But Now Want Even More Control Over Our Lives?

By Timothy H. Lee
Thursday, September 10 2009

The embarrassing saga of federal regulators’ failure to stop Bernard Madoff’s multibillion-dollar Ponzi scheme despite multiple inquiries and tips provides a very timely lesson. This week, the Securities and Exchange Commission (SEC) released a 477-page report admitting that it overlooked repeated tips and red flags on Mr. Madoff dating all the way back to 1992. At that time, the SEC investigated two Florida accountants who had funneled dollars to Madoff, but curiously chose to prosecute the accountants while taking no action against Mr. Madoff. According to their…

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Waxmanism, the New McCarthyism

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"The Supreme Court on Monday handed an initial win to the Trump administration in its effort to implement an executive order aimed at limiting who can receive mail-in ballots ahead of the 2026 midterm elections.At issue are provisions that seek to create a federal list of eligible voters and order the U.S. Postal Service to deliver ballots only to eligible voters.The justices, divided 6-3, granted…[more]

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