Comments on: Wall Street Journal Passed Up Madoff Story http://www.washingtoncitypaper.com/blogs/citydesk/2009/02/04/wall-street-journal-passed-up-madoff-story/ 68.3 Square Miles of D.C. News and Opinion Tue, 14 Feb 2012 14:05:00 -0500 hourly 1 http://wordpress.org/?v=3.1.2 By: scooter parts http://www.washingtoncitypaper.com/blogs/citydesk/2009/02/04/wall-street-journal-passed-up-madoff-story/comment-page-1/#comment-1058633 scooter parts Tue, 01 Mar 2011 13:36:03 +0000 http://www.washingtoncitypaper.com/blogs/citydesk/?p=15349#comment-1058633 I be subjected to unplanned upon dorsum behind to your blog assorted times. The added articles are incredibly captivating and interesting. I unswerving to signup as a patronage to your rss prop up, so I can shelter cultured of your aberrant editorials. I be subjected to unplanned upon dorsum behind to your blog assorted times. The added articles are incredibly captivating and interesting. I unswerving to signup as a patronage to your rss prop up, so I can shelter cultured of your aberrant editorials.

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]]> By: James Raider http://www.washingtoncitypaper.com/blogs/citydesk/2009/02/04/wall-street-journal-passed-up-madoff-story/comment-page-1/#comment-455143 James Raider Thu, 05 Feb 2009 07:29:15 +0000 http://www.washingtoncitypaper.com/blogs/citydesk/?p=15349#comment-455143 THE “MADOFF LETTER”: THERE IS MUCH TO BE LEARNED FROM BERNIE MADOFF, don’t give up on him. -- http://pacificgatepost.blogspot.com/2009/01/bernie-madoff-letter-of-explanation.html - ….in his own words? Now get the subpoena requests out. THE “MADOFF LETTER”:

THERE IS MUCH TO BE LEARNED FROM BERNIE MADOFF, don’t give up on him.

--
http://pacificgatepost.blogspot.com/2009/01/bernie-madoff-letter-of-explanation.html
-
….in his own words? Now get the subpoena requests out.

]]> By: Cindy S http://www.washingtoncitypaper.com/blogs/citydesk/2009/02/04/wall-street-journal-passed-up-madoff-story/comment-page-1/#comment-454668 Cindy S Wed, 04 Feb 2009 20:38:16 +0000 http://www.washingtoncitypaper.com/blogs/citydesk/?p=15349#comment-454668 I'm one of many volunteers for just one consumer org that was warning for years that corporate greed and fraud, shoddy new home construction, rights-stripping arbitration clauses in contracts and warranties, mortgage fraud, predatory lending, etc, was causing immense harm to Americans. I guess consumer advocates and bloggers are considered non-credible sources of such warnings, but the warnings were accurate, and a few years ago the FBI and many economists also warned. E.g. in about 2004 the FBI reported that most mortgage fraud was done by the industry itself and was so rampant it could take out the economy. No reaction from the govt was forthcoming. The IRS warned that down payment assistance programs were often times scams and were contributing to artificial price inflation and foreclosures. Congress finally banned them in 2008 but the building and realty industires are lobbying to revive them already! Regardless of who did the warning or how well substantiated it was, mainstream media was too scared, bought-off, or disinterested to cover it well in most cases. The govt turned a blind eye because most elected officials get monetary contributions from corporate special interests that are involved in wrong-doing, unethical practices, etc. Corporations also want no accountability for their actions and spend millionns annually to lobby our elected officials for that end. We consumers are the last people the govt or media listens to. Even as consumers were filing complaints about mortgage fraud, they were ignored, told to "just get a lawyer and sue," a highly impractical and unaffordable answer. When banks got burned by the same scams, "predatory" lending was renamed as "fraud" but the action came to late to avert the meltdown. Had we been listened to, I believe this economic meltdown could've been averted. Instead, the govt is now crafting a bailout, at our expense, for the very industries that created the problem. I think we need to clean house in DC and start over, starting with severing the tie between corporate special interests and OUR elected officials. Our group has volunteers that went at their own expense to speak to elected officials on behalf of consumer protection. Each of these industries lobbying for a bailout spends millions annually to court our elected officials. That has to stop or we won't see any change. I'm one of many volunteers for just one consumer org that was warning for years that corporate greed and fraud, shoddy new home construction, rights-stripping arbitration clauses in contracts and warranties, mortgage fraud, predatory lending, etc, was causing immense harm to Americans. I guess consumer advocates and bloggers are considered non-credible sources of such warnings, but the warnings were accurate, and a few years ago the FBI and many economists also warned. E.g. in about 2004 the FBI reported that most mortgage fraud was done by the industry itself and was so rampant it could take out the economy. No reaction from the govt was forthcoming. The IRS warned that down payment assistance programs were often times scams and were contributing to artificial price inflation and foreclosures. Congress finally banned them in 2008 but the building and realty industires are lobbying to revive them already!

Regardless of who did the warning or how well substantiated it was, mainstream media was too scared, bought-off, or disinterested to cover it well in most cases. The govt turned a blind eye because most elected officials get monetary contributions from corporate special interests that are involved in wrong-doing, unethical practices, etc. Corporations also want no accountability for their actions and spend millionns annually to lobby our elected officials for that end.

We consumers are the last people the govt or media listens to. Even as consumers were filing complaints about mortgage fraud, they were ignored, told to "just get a lawyer and sue," a highly impractical and unaffordable answer. When banks got burned by the same scams, "predatory" lending was renamed as "fraud" but the action came to late to avert the meltdown.

Had we been listened to, I believe this economic meltdown could've been averted. Instead, the govt is now crafting a bailout, at our expense, for the very industries that created the problem. I think we need to clean house in DC and start over, starting with severing the tie between corporate special interests and OUR elected officials. Our group has volunteers that went at their own expense to speak to elected officials on behalf of consumer protection. Each of these industries lobbying for a bailout spends millions annually to court our elected officials. That has to stop or we won't see any change.

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