Did IRS hold SEC back from investigating Madoff?

Madoff investors were dutifully paying taxes to the IRS on all his faux trades based on his reporting to them & the IRS.

The investor's were royally screwed. Madoff lived high off the obese & sweating hog for years but will now, at least personally, pay the hog's reaper but someone has made out just FINE through all of this.

Yup. The IRS was taking in all those taxes. Will those monies be returned to the investors?

Is it really possible that the IRS had no idea these taxes were based on delusional criminality?

Think on that.

GENDER equality? NOT.

Sunday was International Women's Day. A belated shout out to all women and men with a brain. While driving around on errands after work yesterday I was listening to NPR and heard a news story about an investment firm right here in little Rhode Island. Seems the CEO, a gal, had inflated the pool of dinero that she and her associates handled for clients. The SEC is investigating and has a big stick up their butts about all of it.

I am not condoning her behavior.

But where was the friggin' SEC during the last 7 years when a primo member of the boy's club (and I do mean OLD boys as in always was/always will be), Bernie Madoff, was screwing the life out of senior citizens, non-profits, movie stars, small businesses and charities, eh?

For SEVEN YEARS a financial watch dog in Massachusetts was biting the SEC's ear about the evil incarnate Madoff but they simply continued to let Madoff pee on the bushes until everything was brown, stinking and dead. Oh, except for his off-shore investments, jewelry, home furnishings, antiques, luxury properties and CASH.

Oh, wait. How dim of me. My mistake. Those items belong to his WIFE.

Now that is some gender equality.

Sleep tight. The SEC is paying attention to dipshit little investment firms run by women who inflate the measure of their success.