The Securities and Exchange Commission’s inspector general revealed that a $1,200 cash award was paid by the agency in 2010 to one of the very employees who had been specifically singled out for allowing Bernard Madoff to talk his way out of SEC inquiries in 2005 and 2006, before his epic Ponzi scheme was exposed in 2008.
The IG helpfully recommended that, in the future, awards not be given to employees who have recently been facing potential disciplinary action for poor performance.
There’s no place
so keep it safe
Among the aftershocks of the 9-11 attacks on America was the colossal budget-busting on “homeland security” — a spending binge that, additionally, was thought to require something approaching uniform disbursement of funds throughout the 50 states.
Endless “what if” possibilities left no legislator willing to forsake maximum security.
Among the questionable projects were the purchase of an inflatable Zodiac boat with wide-scan sonar — in case terrorists were eyeing Lake McConaughy in Keith County, Neb.; cattle nose leads, halters and electric prods (to protect against biological attacks on cows, awarded to Cherry County, Neb.); a terrorist-proof iron fence around a Veterans Affairs hospital near Asheville, N.C.; and $557,400 in communications and rescue gear in case North Pole, Alaska, got hit.