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Glossary from Reality –

oxymoron – “political intelligence”

redundancy – “CIA lies”


Five SEC investigations missed Madoff

WASHINGTON, July 2 (UPI) — The U.S. Securities and Exchange Commission
failed to uncover Bernard Madoff’s Ponzi scheme on five occasions in 20 years, a source close to the agency said.




Lori Richards is stepping down after 14 years as director of the Office of Compliance Inspections and Examinations, The Washington Post reported.

The agency had come under scrutiny for its role in the SEC’s monitoring of Madoff’s business without detecting his multibillion-dollar fraud. Her office reviewed his firm at least three times, in 1999, 2004 and 2005.

WASHINGTON, July 9 (UPI) — A senior U.S. Securities and Exchange Commission official who oversaw key investigations of Bernard L. Madoff’s activities is resigning, the agency said.

Key SEC official in Madoff inquiry resigns

Published: July 9, 2009 at 10:04 AM



With a staff of more than 700, the Office of Compliance Inspections and Examinations is responsible for ensuring brokers, investment advisers and mutual funds comply with securities laws.



But in a letter disclosed Wednesday, seven Democrats on the House Intelligence Committee asserted that Panetta told Congress last month that senior CIA officials have concealed significant actions and misled lawmakers repeatedly since 2001.

Posted by Foon Rhee, deputy national political editor July 9, 2009 11:39 AM

Does letter back Pelosi on CIA criticism?


Video: CIA Mislead Congress – Panetta – Bloomberg



My Note –

How could that be a surprise?

For a place that has “The Truth Will Set You Free” on the wall coming in the door, the CIA has trained in creatively loose interpretations of reality as a way of life. It is what they do. How could that be unanticipated?

– cricketdiane, 07-09-09


Albany Republicans Seek to Block Paterson’s Nominee

Published: July 9, 2009

ALBANY — Gov. David A. Paterson’s naming of Richard Ravitch as the state’s lieutenant governor was plunged into legal turmoil on Thursday after Senate Republicans received a temporary restraining order that sought to prevent Mr. Ravitch from taking office.