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American Government: Snooping on Everyone Except The Real Criminals

By Implode-Explode Heavy Industries

I.e. financial criminals, for example (significantly less-known than Madoff, yet possibly even more outrageous) there is Allen Stanford: `` an SEC examiner in Fort Worth, Texas, described Stanford's investor return rate as "absolutely ludicrous" and, as early as 1997, suspected the wealthy Texan of running a scam. (The commission wouldn't file a suit until 12 years -- and billions of dollars of investors' money -- later.) Or that the enforcement chief in the SEC's Fort Worth office, Spencer Barasch, had blocked six different opportunities to investigate Stanford. Or that after seven years of stymieing the commission's efforts, Barasch left the SEC and immediately sought to represent Stanford as his counsel in -- you guessed it -- the SEC's fraud suit.''

Full post as published by Mortgage Lender Implode-o-Meter on October 05, 2010 (boomark / email).