Friday, February 20, 2009

Wall Street Tora Bora?

Smoking them out of high-rise caves:

U.S. Securities and Exchange Commission Chairman Mary Schapiro named Robert Khuzami, a former prosecutor of white-collar criminals and terrorists, her enforcement chief as she tries to restore confidence in the agency’s ability to police financial markets.

Khuzami, 52, is joining an agency that’s under fire from investors and lawmakers for missing Bernard Madoff’s alleged $50 billion Ponzi scheme. Former colleagues and legal opponents describe him as a tough attorney and public servant who keeps calm under pressure.

“People on Wall Street better watch out,” said Anthony Ricco, a New York lawyer who represented a defendant Khuzami helped convict in a trial connected to the 1993 bombing of the World Trade Center. “He is a person who really believes in the public good, and those people often make judgments that make Wall Street cringe.”

He spent 11 years at the U.S. Attorney’s Office for the Southern District of New York, which covers Manhattan. He focused on terrorism cases such as the plot by Omar Abdel-Rahman, who is known as the blind sheik, and others to blow up New York landmarks.

And this:

Khuzami spoke at the 2004 Republican National Convention in New York, encouraging Americans to re-elect then President George W. Bush to “protect both our lives and our liberties.”

He also contributed $2,300 to Arizona Senator John McCain’s presidential campaign, according to Federal Election Commission records.

Would a Democrat with similar qualifications and party bonafides have made it through the Bush administration's political vetting?


Blogger Mrs Panstreppon said...

C.R., One of Bernie's customer accounts was held jointly by Eleanor Cardile and Ralph Mafrici of 11th Ave in Brooklyn. According to, Ralph is about 76 years old.

Ralph Mafrici is the name of one of the gunmen in the famous hit on Albert Anastasia at the Park Lane Hotel in 1957. Given his age, the Mafrici with the Madoff account could easily be the Anastasia hitman.

Eleanor Cardile, btw, has another Madoff account with an address in Staten Island.

I'm 99% certain Eleanor Cardile is related to Robert Cardile who handled customer accounts on the 17th floor at BMIS. Robert Cardile is the brother-in-law of Frank Dipascali who claimed to be Madoff's CFO.

Both Dipascali and Cardile are from Howard Beach. The controller, Enrica Cotellessa-Pitz, is from Ozone Park.

Another Madoff client, Madeline Trezza of Brooklyn, appears to have been involved in another scam involving Panamanian front companies. Madeline operates under the name Trezza Management and has custody of at least two other accounts in different names.

I spent some time anlayzing the Madoff customer list and there are a lot of real estate developers on it. Leonard Litwin and a number of Rechlers are on the list along with SL Green.

Somebody told me that more than one developer used his Madoff accounts as collateral for construction loans.

Just thought you'd like to know.

2/20/2009 12:58 AM  
Anonymous Anonymous said...

Mrs Panstreppon: That's fascinating, wonder how long before Madoff gets hit himself?

CR: It seems pretty safe to say that a Democrat with qualifications comparable to Khuzami would never have been considered for the post in a Dubya/Republican administration, would in fact have never made it far enough to be vetted in the first place.

2/20/2009 9:57 AM  
Blogger Dave S. said...

I agree with RW - it's pretty clear that job qualification assessment began and ended with party affiliation.

2/20/2009 10:59 AM  
Anonymous Anonymous said...

Who cares about all this D/R nonsense? All appointees are idiots/Keynesians who think government can create wealth.

Both parties are failures who appoint failures.

The only person who has been close to intelligent has been Ron Paul and we all know how he's regarded.

2/20/2009 1:02 PM  
Anonymous Anonymous said...

I just spied a pimpmobile in Seattle with Ron Paul bumper stickers (white stretch limo).

From what I've learned so far in reading "Family of Secrets"; hiring incompetence is a Bush clan prerequisite. In "street talk", they're called fronts.

2/20/2009 2:11 PM  
Anonymous Anonymous said...

Judyo... That is Russ Baker's new book right? Lew Rockwell did a podcast interview with him the other day. Sounds like a good read. The LA times did a hatchet job on Baker I guess for a book review. Say what you want about Ron Paul but his people are promoting Baker's book while the "liberal media" tries to keep people from reading it.

2/20/2009 6:49 PM  
Anonymous Anonymous said...

No, a Democrat with similar qualifications would never have made it through the Bush veting process. However, based on most of the appointments we know about, a Republican with these qualifications would not have made it either.

2/21/2009 5:25 PM  
Anonymous Anonymous said...

"Would a Democrat with similar qualifications and party bonafides have made it through the Bush administration's political vetting?" No!

Um, wasn't it obvious that qualifications didn't matter to Bush. 150 graduates from the Regent University, including former top DoJ aide Monica Goodling, "Heck of a job, Brownie." Did Bush have the qualifications?

Bil Maher, "They're demagogues and conmen and scolds."

2/21/2009 6:58 PM  
Anonymous Anonymous said...


Perhaps amongst the "Good Old Boy Club" I call the "two party aristocracy" it makes no difference what party you appoint instead the difference is who owes who a favor ... I am sure favors are made across the isles!


2/23/2009 2:46 AM  

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