From FINRA to Ponzi

" in this one is the story of Bernard young he has a one time regulator for the Financial Industry Regulatory Authority. How many and -- working for one of the biggest alleged Ponzi scheme worst ever audience now it is not range Dow -- How Lewis. Is happening he works for the Fed president doesn't marks first for a Ponzi schemer helps them get away with that is up is that made. Issue warehouse."

" That's what it looks like -- you know. The outfit sitting around the financial industries that we the regulatory authority just the big Mea -- report on how it mister Madoff scandal how I miss. The asked Allen -- Stanford scandal and you know very deep and a footnote is this not about you know. Bernie here who you know left there and 2003 went off on his own for a little while and ended up joining up. Yeah Allen Stanford's firm and he was in charge of compliance there companion out is that another Furman and he's not even disclosing all by the way -- for -- Stanford he's not even disclosing that either. I think this is the biggest problem that we face in our society Cheryl -- revolving door between Washington DC. And big business we have a revolving door between the regulators and the regulated everybody though it's where regulator wants to go work. In output for a big company. This guy had the misfortune of choosing the big company that turned out to be one of the biggest. Alleged Ponzi schemes in history."

" But the parents are now -- which is an and they wait and they interviewed. It it you are and maybe you interviewed some of the employees at -- didn't they say look he he did his job it is work there was number pride days when he was that that era. So Madonna made money what's wrong with. What's wrong with that what I like working for the FBI one day in the next thing you know I'm working for John got these operations have and I said well I didn't know John -- was -- in the mob. You know why he cystic guy that it's a business dealings with I'm Aaron. This is legalized corruption and and effects. What is happening here is that regulators. Are being wooed away. You know to join the ranks of people should be regularly to watch people who who should be watching out. And here's the thing this guy was in inside Stanford's organization but it's one thing if -- regulator outside but once and and inside and you still can't tell -- about the no wonder this stuff -- that's just the bust capitalism hello so I have to."