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The news isn't going to be pretty


Watching government this morning. The news will get ugly and uglier, I suspect.

What interests me this week:

-The Securities and Exchange Commission's inspector general's report on how and why it never uncovered Madoff's ponzi scheme. Don't know what day it will come out, but an early version has been circulating on Capitol Hill since July, according to one report.

-Thursday's report on bank earnings for the second quarter, from the FDIC

-

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Comments

the people responsible from the sec should be in the next jail cell with madoff only because they were told on many occassions what madoff was up to and looked the other way.....but the samr with fannie and freddie.this is why govt can not be the solution to anything.it overspends and is incompetent.look at medicare ...look at the post office...


the people responsible from the sec should be in the next jail cell with madoff only because they were told on many occassions what madoff was up to and looked the other way.....but the samr with fannie and freddie.this is why govt can not be the solution to anything.it overspends and is incompetent.look at medicare ...look at the post office...


I Fully Agree


I Fully Agree Lou


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About the author
You've got the job of managing your money. No one in school taught you how. But you and I, we can teach each other, how to handle it, how to save for retirement, how to make money last, how to educate the kids, how to make a budget work. The conversations I have with my readers are fun. Money's important, but discussing it does not have to be boring.

Harriet Johnson Brackey Harriet Johnson Brackey, the personal finance columnist for the Sun Sentinel, is an award-winning business reporter. Her columns for 2008 were named "The Best in the Business," a national award chosen by her colleagues at the Society of American Business Editors and Writers.

Brackey has worked at Business Week magazine and at USA TODAY, where she was a founder and part of the original staff of the Money section at the country's first national newspaper. After nearly 11 years there - spent covering the 1980s bull market, the insider trading scandals, the 1987 crash - Brackey left Washington, D.C., and came to The Miami Herald. She spent the next decade writing a column about personal finance that chronicled the stock market's Internet boom and bust, as well as the popular Money Makeover features.

Brackey also has done commentaries for Marketplace Money, which airs on National Public Radio and The Nightly Business Report which is broadcast on more than 250 PBS television stations nationwide. She also has been a radio guest on WLRN’s Miami Herald News.
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