Monday, December 15, 2008

Bernard Madoff and the US Regulators

The US regulators did not fail anybody in today’s scandal of fraud involving billions they are doing their duty by arresting Bernard Madoff. The job of a regulator is to put down a law, if you break that law you are a criminal, obviously when you run out of money eventually you will be caught if you cheated.

It is not the job of the government to check the books daily, rather investors should do their due diligence. When a black person needs one cent to do anything, he is investigated right down to his underwear. Now if the same is not done with whites then one can say, those racists deserve to be taken for a ride by the likes of Madoff, sophisticated intelligentsia types, that is all one can say. What is sad is the media refused to attack their brethren as he stole billions to finance his luxurious lifestyle, the New York Post, New York Times, Forbes where more interested in promoting the “hard work” the intelligent Madoff had done throughout his life as a prove of his genetic superiority, ah well, too bad.

Strange that most white collar crooks are white but the black man can never be trusted, we are all just human, Madoff thanks, they deserve it.

Bhekuzulu Khumalo

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Bhekuzulu Khumalo

I write about knowledge economics, information, liberty, and freedom