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HomeApril 18, 2010: Month to Date Market Review
Posted by Larry Doyle on April 18th, 2010 8:38 AM |
Charges of fraud at Goldman Sachs. Indications of a front organization utilized by Lehman Brothers. Rampant evidence of fraudulent mortgage lending occurring at Washington Mutual. An SEC OIG review of massive failure by the SEC in its oversight of Stanford Financial. Hell, even outside of the financial sector, we see evidence of regulatory failures within the automotive industry (Toyota) and in the mining tragedy that just occurred in West Virginia. Add it all up and all one can say is that our government has failed us. Are these failures mere mistakes, incompetence, or the result of willful neglect? (more…)
