Covering Up Wall Street Crimes: Matt Taibbi

[Peter Lemkin]

His latest piece, again, "Is the SEC Covering Up Wall Street Crimes?"

How are they doing it, Matt?

MATT TAIBBI: Well, the SEC had a number of different levels of investigation. They had a thing called a MUI, which is a "Matter Under Inquiry," and this is basically any preliminary investigation, any tip that came in from a whistleblower or from a self-regulating organization like the Stock Exchange or FINRA, if theysuspicious trades, anything like that. If they investigated it and they did not get permission from the people up above in the SEC to proceed to a full-blown investigation, they then shredded all that evidence they gathered in the preliminary stage. So they destroyed all the evidence of all MUIs dating back to 1993, and that might be as many as 18,000 cases.

AMY GOODMAN: Under whose authority?

MATT TAIBBI: Under the authority of the enforcement division. Now, thisthere's no legal authority to do this. And, you know, apparently, according to my sources, this was illegal. You can't just unilaterally shred any government document, no matter how insignificant. And these are significant law enforcement investigatory files that they were unilaterally destroying.

Justice for all?

No quarter given to criminals?

Investigative evidence preserved?

Or a corrupt and morally bankrupt system? angryfire

Jan, you made the 'quiz' too easy~! And no one should underestimate the enormous number of files [I believe tens of thousands of cases] destroyed when the WTC towers came a 'tumblin' down...... :finger: Others destroyed in the Pentagong just happened [by coincidence, surely] to have been in the exact rooms in the exact wing destroyed - investigating the missing TRILLIONS in the Pentagong under Rummy. :moon2: None of those ongoing investigations and cases were EVER restarted after 911...... :darthvader: Someone clearly got the 'message'....