From Martin Armstrong

“Given the corruption in the legal system, the regulators...The SEC, the CFTC, they’ve never prevented a single thing, nothing. Madoff, MF Global, you name it they haven’t done it. So I don’t know what we are paying these people for. Corzine, I know from (an) inside source at the SEC, there were going to be rules to prevent them from doing exactly what they are doing.”

“Corzine went down (to the SEC), met with Mary Schapiro, she personally revoked it. That’s information I have from inside the SEC. So the whole thing is a joke. When I speak to people on the (Capitol) Hill, they even say the SEC is bought and paid for. If they (Congress) ask them (the SEC) for documentation, they resist. Just like the Fed resisted opening the books to Ron Paul.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/13_KWN_Special_-_Money_is_Fleeing_the_US_Financial_System.html