No Runny Eggs

The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.

Archive for January 17th, 2009

Illegal Wiretapping, Blah, Blah, Blah

by @ 5:55. Filed under Politics - National.

Um, NO!

The Wiretap Vindication

 

FISA sets the record straight.

Bush was right and kept you safe.   You should have appreciation for at least the latter.

Try to Keep Your Breakfast Down.

by @ 5:44. Filed under Miscellaneous.

Rarely have I seen information that brought me so close to puking on my computer:

The headine in the News agency that shall not be named:

Madoff fund may have made no trades

It is now being reported that Financial Industry Regulatory Authority (FINRA) noted:

no indication of any trading

And

no evidence of customer account statements being generated

by Madoff’s firm.

Even though the SEC was given numerous tips that not was all right at Madoff’s firm, they never stopped to ask to see trade statements or customer statements.   This in spite of Madoff running a brokerage business that was showing consistent investment returns year after year.

As a former auditor, (I’m a recovering CPA), the SEC’s activity, or more properly lack of fundamental audit curiosity goes beyond negligence.   It’s hard to believe even a junior auditor would make such a oversight not once, but on multiple occasions.

I was not enamored with much of McCain’s campaign.   He failed to be aggressive when he needed to be, stuck his finger in the eye of conservatives unnecessarily and completely bungled calling a halt to his campaign to get involved in the original TARP authorization.   I will however give kudos to McCain in calling out SEC Chairman Christopher Cox and called for his termination.

[No Runny Eggs is proudly powered by WordPress.]