In this post at Democratic Underground, EFerrari asks How much of economic meltdown is Iran Contra, continued? The writer mentioned two reports that haven’t received a lot of press: (emphasis mine)
First, there’s this from a post dated Feb. 20, 09 on Rep. Kucinich’s website Kucinich: Who told SEC to “Stand Down” on Sanford Probe?
Chairman of the Domestic Policy Subcommittee, Congressman Dennis Kucinich (D-OH) today sent a letter to Ms. Mary Schapiro, Chair of the Securities and Exchange Commission (SEC) requesting documents that could reveal which government agency told the SEC to “stand down” rather than take enforcement action against the Stanford Group in October 2006 as has been reported by the New York Times.
Recent media reports have indicated that the SEC was aware of improprieties at Stanford Financial Group as early as October 2006, but withheld action at the request of another government agency.
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