{"id":2930,"date":"2009-02-09T23:41:45","date_gmt":"2009-02-10T04:41:45","guid":{"rendered":"http:\/\/1boringoldman.com\/?p=2930"},"modified":"2009-02-10T14:33:22","modified_gmt":"2009-02-10T19:33:22","slug":"so-long-linda","status":"publish","type":"post","link":"https:\/\/1boringoldman.com\/index.php\/2009\/02\/09\/so-long-linda\/","title":{"rendered":"so long Linda…"},"content":{"rendered":"\n
After watching the testimony of Harry Markopolos in the Madoff Hearing, I commented [cess pool…<\/strong><\/a>]:<\/div>\n
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\"LindaI watched Markopolos testify today in the Congressional Hearings on the Madoff Ponzi Scheme and then as much as I could tolerate of the S.E.C. Officials that followed hime [which wasn’t a lot]. Linda Thomsen<\/strong>, Securities and Exchange Commission Enforcement Director, stood out as the paradigm for the kind of bureaucrat that everyone hates. She talked down to the Congressmen; held her nose high in the air; and probably should’ve either never been hired or fired a long time ago. She took the position that not catching Madoff even though Markopolos handed them the case on a silver platter repeatedly wasn’t really their fault. Listening to her reminded me of a few people I’ve met in State systems or the Federal V.A. Hospital system who were more invested in the rules and regulations of the system that what the system was intended to do… <\/div>\n<\/blockquote>\n
I’m pleased to report that I’m not the only person Linda Thomsen<\/strong> turned off:<\/div>\n
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Comings and Goings and Dealings at the SEC<\/a><\/strong>
\t By: emptywheel<\/strong>
February 9, 2009<\/div>\n

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Last Wednesday, Linda Thomsen was one of a handful of contemptuous<\/strong><\/font> SEC officials who appeared before Congress–and pretty much refused to answer any questions. That same day, new SEC head Mary Schapiro sent a very contrite letter<\/a><\/strong> to Paul Kajorski, admitting, "Today’s hearing before your Subcommittee cannot have been satisfactory for you." Schapiro offered to meet at Kanjorski’s earliest convenience so, "we can determine a course forward." On Friday, Schapiro got rid of rules that GOP hack Chris Cox and his predecessor had put into place that made it hard to impose financial penalties on companies. <\/div>\n