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Mar 05, 2010


Hal Blackwell

FINRA missed Ponzi scheme perfecters Bernie Madoff and Alan Stanford. They missed the subprime shenanigans of Lehman Brothers, AIG, Citigroup, Merrill Lynch and Bear Stearns. What they didn’t miss apparently was a pay day. Mary Schapiro and her top executives were paid $30 million to miss all these things. Schapiro copped $3.2 million at the not-for-profit organization in 2008 before she was promoted to chair the Securities and Exchange Commission. That’s right. She was promoted!

My experience with this crew seems to typical. When Merrill Lynch fired me in September of 2009.... Read more here

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