Wednesday, August 12, 2009

The Size of the Derivatives Fraud Makes Madoff Look Tiny

This is from Harry Markopolos, the guy who originally blew the whistle on Madoff back in the late 1990's, but was ignored by the SEC:

"HARRY Markopolos -- the whistleblower on Bernie Madoff who proved to be much smarter than the SEC -- says there are evildoers out there who will make the Ponzi scum "look like small-time."

The Derivatives Neutron Bomb

And guess who was in charge of the Commodities and Futures Trading Commission back when Markopolos flagged Madoff? None other than Mary Shapiro, who Obama put in charge of the SEC. She was part of the team, which included Robert Rubin and Alan Greenspan, which prevented a Congressional attempt to regulate derivatives. Anyone trust her to crack down on Wall Street?

The only way to protect yourself from the coming credit market and derivatives collapse is move as much money as you can into the safety of physical gold and silver.


  1. The home price acceleration to the downside is really a kelly green shoot as the bottom will be reached ssoner, and V shaped recovery will start sooner. I think I am kidding! The whole derivaives mess makes my head hurt.

    Great content as usual

  2. the derivatives mess is going to make everyone's head hurt LOL - there's a reason Jim Sinclair has been jumping up and down trying warn everyone about the coming nuclear derivatives meltdown