The Bull**** flag. Disregard what attempts the media are making right now to spin the Madoff case as a Republican scandal. The fact is that Madoff operated his alleged Ponzi scheme while Clinton was President – not just while Bush was in office. Furthermore, the first recorded complaint against Madoff to the SEC was made two years before Clinton appointed SEC chairman Arthur Levitt Jr. left office. No investigative action was taken by Levitt – despite his attempt today on NPR (no link, but I heard the report) to cast all the blame on later SEC appointees.
This reeks of the same spin the media put on the Enron collapse. You remember Enron, right? The fun guys who pulled their scam off during the Clinton administration and got caught during the Bush administration.
The roots of this scandal run a lot deeper than just the past two terms of the current President.
H/T commenter Mwalimu Daudi
The MSM will still toe the liberal line and place the blame on Bush. After all, he’s responsible for all evil that has ever happened on the face of this planet, right?