MMS: Hammer Falls - But Why Now? - MarketTicker Forums

Posted 2010-06-15 20:34
by Karl Denninger
in Corruption

A former Justice Department inspector general will lead the Obama administration's revamp of the Minerals Management Service, the Interior Department agency under fire for lax oversight of oil and gas drilling in the wake of the Gulf of Mexico oil spill.

Wow, that was fast. 56 days.

Now explain why the same bone-smoking corruption laced through and through the banking industry - which we know resulted in actual criminal felony conduct (in Jefferson County Alabama along with, quite likely, other places) not to mention all sorts of things that one would call "negligence" (AIG anyone?) there was no similar shake-up at The NY Fed, The Federal Reserve, in OTS, OCC or Treasury. How in the hell, for openers, does Tim Geithner still have a job, not to mention Ben Bernanke?

Let's make this Ticker simple: Why Mr. President?

PS: The banks did 100x as much damage to the economy as BP, even if BP's total, when all is said and done, is $100 billion.

View with responses (registration required to post)

Main Navigation

Full-Text Search & Archives

Archive Access

Blogtalk 3:30 CT Mondays

Items To Look At

Discuss The Capital Markets along with daily technical analysis with our Gold Donor program.

Where We Are, Where We're Heading (2013) - The annual 2013 Ticker

Links and Blogroll

Our policy on reciprocal links: Send us an email with your information and why you think your blog or news site would make a good addition - in most cases reciprocal link requests will be granted.

Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Looking for "The Best of Market Ticker"? Check out Ticker Classics.

Visit the forum to discuss this and other investing-related topics; see the FAQ on the forum for information about Gold Donor status including access to our technical analysis video server.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

Market Ticker content may be reproduced or excerpted online provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media.

Submissions may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.

Leads on stories of current economic and political interest are always welcome. Our fax tip line is 850-897-9364; please include contact information with your transmission.