Congress Focuses on Madoff
A House Sub-Committee has announced that it will investigate the Madoff Investment Scandal as the Attorney General has removed himself from the case because his son represents one of those who may be involved. SIPIC is supposed to make good on schemes like this but SIPIC has only a couple of billion dollars in their coffers to make good on these high-end investors who were baited into the Madoff Scheme by their greed. Now you will see how swiftly the Federal Government acts to replenish the wealth of the super-wealthy who were suckered in by Madoff. Meanwhile, Millions of ordinary, struggling Americans are drowning in Credit Card Schemes where the interest rate is charged more than 40%. Do you see any headlines about Congressional Sub-Committees investigating credit card companies? Are there any Federal Programs being put in place to return the money that Credit Card Companies have swindled from ordinary Americans? Don't hold your breath, it is clear that the only concern of thi...