While Mr. Madoff is talking to the SEC and the FBI, I am going to begin telling you more about the scheme that is bigger than Bernie. Soon, I will name those 20 mega-billionaires, their supporting cast — and the man who is their guru. The evidence is pouring in – there is much to reveal.

But for now, let me leave you with a quotation from the Financial Industry Regulatory Authority’s “Notice 93-77.” Published in 1993, it reads:

Shortly after the market crash of 1987, “then Treasury Secretary Nicholas F. Brady referred to the clearance and settlement system as the weakest link in the nation’s financial system…Gerald Corrigan, President of the Federal Reserve Bank of New York noted: ‘The greatest threat to the stability of the financial system as a whole was the danger of a major default in one of these clearing and settlement systems…”

UPDATE: Politico reports that Bernie was buying influence in Washington via the lobbying firm of Dow Lohnes.

As shown by public records , D-L also represents the corporate crime poster child Overstock.com in its jihad to waste regulator resources on the naked shorting hobgoblin. According to OpenSecrets.org, the cash-starved Internet retailer wasted $180,000 pushing Overstock CEO Patrick Byrne's paranoid fantasies.

Originally posted by Crakeur
just heard on the news that a fund manager who had 1.7 billion invested with madoff was found dead today. bullet to the head. Seems he was a bit upset over the fact that he invested his clients' without doing his due dilligence