Comments on: Why Bernie Madoff’s Scheme Proves We Must Abolish The SEC

By: But… What Exactly is a “Stock”?

But… What Exactly is a “Stock”? — Sun, 10 Oct 2010 04:11:31 +0000

[...] at the Common Sense Investor, along with the odd post about complex adaptive systems and the SEC, we’ve also posted a bunch of individual stock picks and some quick guides for choosing [...]

By: Megan

Megan — Mon, 04 Oct 2010 04:28:35 +0000

How can we protect people from themselves? If Benrie Madoff came along today, he would still seduce thousands into believing he could make them rich.
He had connections, he even had royalty as his clients. People believe the hype that has been force-fed. They want everything in a minute, they want it easy and on a “leave and forget” basis.
It is a sad commment on human nature.
even sadder that only one person left a comment. that was in 2008, and today is 3rd october 2010

By: Nelson Turner

Nelson Turner — Sat, 31 Oct 2009 14:20:23 +0000

I’ve had a question for some time about how the free market would have protected us from Bernie Madoff . This article sort of answers that question. My question, now is, if these firms that would “police” the market for a fee, how would the average investor access that information? Through a magazine or web site? And, what about those of us who are not “market savvy”? I assume that the government still would be in charge of prosecution and punishment. So, these firms would have turned him in? I know the SEC was warned at least 4 times about Bernie and did not act.