Is the SEC Covering Up Wall Street Crimes?

August 26, 2011 at 10:29 am | Posted in Uncategorized | 1 Comment

By whitewashing the files of some of the nation’s worst financial criminals, the SEC has kept an entire generation of federal investigators in the dark about past inquiries into insider trading, fraud and market manipulation against companies like Goldman Sachs, Deutsche Bank and AIG. With a few strokes of the keyboard, the evidence gathered during thousands of investigations – “18,000 … including Madoff,” as one high-ranking SEC official put it during a panicked meeting about the destruction – has apparently disappeared forever into the wormhole of history.

Here’s another great scoop by Matt Taibbi I linked a few days ago. Like most stories about high level finance and government corruption these days, it hasn’t gotten any play in the commercial media. Who has time to think about law and order–protecting the little guy from the banksters–when simultaneously there might be a hurricane approaching from off the coast of Florida, or a dictator is being overthrown by our heroic and technologically supreme armed forces and their loyal allies?.

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