
70: Short Changed
The Securities and Exchange Commission faces intense scrutiny as President Obama appoints Mary Shapiro to lead the agency despite her previous oversight role at FINRA during the Bernie Madoff Ponzi scheme. Critics argue the appointment represents a systemic failure to address regulatory incompetence, specifically naming SEC officials Lori Richards and Linda Thompson for ignoring warnings from whistleblower Harry Markopolos. The financial crisis is characterized as a multi-billion dollar liability shifted onto taxpayers while corporate interests remain protected. Economic instability deepens as the Federal Reserve implements a policy change to pay interest on bank reserves, a move Adam Curry identifies as a primary driver of the current credit crunch. The Obama administration's Economic Recovery Advisory Board, featuring Jeffrey Immelt of GE and John Doerr of Kleiner Perkins, draws criticism for its heavy corporate influence. Meanwhile, PolitiFact tracks broken campaign promises regarding the S-CHIP bill review period, and the DEA continues medical marijuana raids in California despite Attorney General Eric Holder's previous signals of reform. Global crises mount as Victoria, Australia, battles record heatwaves and bushfires while London's infrastructure collapses under heavy snowfall. Technical anomalies surrounding US Airways Flight 1549 emerge as Adam Curry analyzes NTSB recordings, questioning the presence of thirty Bank of America executives on board. The episode captures the cultural zeitgeist with a critique of Christian Bale’s onset outburst and Bill Gates’ controversial mosquito stunt at a TED Talk. John C. Dvorak and Adam Curry sign off from their respective outposts in Silicon Valley and London, transitioning the broadcast to a new Sunday schedule.



















