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1 researchok  Sat, Dec 3, 2011 6:07:57am

Outrageous. Where was the oversight?

Paulsen’s friend’s made out like bandits, shorting FM and FM- and then we bail them out?

The inmates are running the asylum.

2 Bob Dillon  Sat, Dec 3, 2011 11:24:50am

re: #1 researchok

Getting by the general political rhetoric of the site owner - an interesting observation by someone concerned and qualified to comment.

I just listened to your interview on financial sense. I am a retired FBI White Collar Crime Supervisor who supervised a Securities Fraud Desk, in the {city name redacted} Division, prior to retiring in {year redacted}. Your analysis of the CME, the Obama Administration, and the sad state of our republic is right on the money. In addition, your 8(a) minority, affirmative action hire comment could not be more true. The effectiveness of federal law enforcement has been jeopardized by the politically correct hiring practices ongoing since George Herbert Walker Bush was elected President in 1988. My squad was responsible for the investigation of complex, white collar crime investigations (primarily securities fraud and corporate fraud). My career in the FBI spanned 24 years in five field divisions including New York, and FBI Headquarters. When I began my career, hires and promotion were merit based. The quality of agents working complex white collar crime investigations was high, most having worked for big eight accounting firms or brokerage houses prior to hire by the FBI. By the time I retired, minority and female agents were being assigned to my squad with no pertinent qualifications, and no apparent talent, dedication, work ethic or experience. As a result, senior agents had to double up on complex investigations, and my minimum threshold for initiating investigation was dramatically increased to assure the greatest offenders were addressed adequately. Needless to say, cases that should have been addressed were no longer addressed due to the lack of qualified agents capable of successfully investigating and taking through trial, complex white collar crime cases. After 9.11 the FBI all but abandoned complex criminal investigations, and transformed itself from the premier law enforcement agency in the world to a fourth rate domestic spy agency more concerned with violating citizens constitutional rights in the name of “protecting the general public from terrorism” than in completing its primary mission, enforcing Title 18 of the US Criminal Code.

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