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SEC(Madoff): "Why are you taking a mid-level staff person..."

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katty Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-07-09 04:20 PM
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SEC(Madoff): "Why are you taking a mid-level staff person..."
more: http://www.nypost.com/seven/01072009/business/the_sec_watchdog_who_missed_madoff_148984.htm

The Securities and Exchange Commission's New York watchdog, under fire for failing to uncover Bernard Madoff's alleged $50 billion Ponzi scheme - despite a dead-on tip by a whistleblower - yesterday tearfully defended herself, arguing that she and the agency did the best job possible.

MORE: Prosecutors Reveal Madoff's Treasure Trove

Judge to Consider Jailing Madoff

NYU 'BERNED' FOR $94 MILLION

"Why are you taking a mid-level staff person and making me responsible for the failure of the American economy?" an upset Meaghan Cheung, with eyes tearing up, told The Post.

"I worked very hard for 10 years to make a career, and a reputation, and that has been destroyed in a month," said Cheung, who was the SEC's branch chief of the New York enforcement division during that unit's earlier probe of Madoff's brokerage business.

The 37-year-old has been singled out by whistleblower Harry Markopolos as the woman who failed to detect the scam despite his lengthy warnings.
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jsamuel Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-07-09 04:23 PM
Response to Original message
1. What about me? It isn't fair... I've had enough, now I want my share!
Can't you see? I wanna give, but just take more than you give.
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-07-09 04:25 PM
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2. Lady, you suck at your job, stop crying
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-07-09 04:30 PM
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3. Reputation gone, bank account intact?
Can't work up sympathy.
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screembloodymurder Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-07-09 04:34 PM
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4. She's absolutely right.
Cox did nothing to back up those who questioned his pals.
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disndat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-07-09 04:41 PM
Response to Original message
5. This is like missing the 800
pound elephant in the sitting in the living room. How many other Madoff "elephants" did the SEC missed.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-07-09 06:32 PM
Response to Original message
6. Once again, we hear the classic narcissistic meme:
"Why are you picking on ME?"

So you fail at your job and now you are a ....victim?

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