WC Varones

Don't lend your hand to raise no flag atop no ship of fools

Meaghan Cheung: I did an awesome job on Madoff!

Meaghan Cheung, perhaps the most incompetent bureaucrat in the history of a nation of incompetent bureaucrats, cited her Madoff work as an example of her excellent performance in her 2007 SEC performance evaluation.

Her self-evaluation quoted in the SEC's disaster analysis report:
In Madoff, we investigated the asset management services provided by a broker-dealer specializing in hedge funds who was not registered as an investment adviser. After our investigation, we conducted discussions among the staff, the Division of Investment Management, and Madoff’s counsel. We also held separate discussions with Madoff’s largest hedge fund client. As a result of those discussions, Madoff’s firm registered with the Commission as an investment adviser, and his hedge fund client corrected its disclosure.

Markopolous handed you a Ponzi scheme on a silver platter and you got the Ponzi scheme to file registration paperwork and change a disclosure? WIN!

Do you really want these people running your health care?


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