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Figures: Now we can blame the Yankees for Madoff

The Herald reports on the Congressional testimony of that frustrated Boston PI who'd tried three years ago to alert the SEC (and the Wall Street Journal) about the Ponzi for a New Millennium:

'In 2000, (one official) warned me that relations between the New York and Boston (SEC) regional offices were about as warm and friendly as the Yankees-Red Sox rivalry,' the Whitman resident said. "Truer words were never spoken."

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Comments

In that Madoff's scheme was Ponzi on steroids.

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This is all too familiar behavior. Don't you people understand that New York is the end-all-be-all? I imagine it went something like this in the NY SEC office::

"You want me to take a tip from some a^&hole in a backwater like Boston? It's [stealing a line from the Sopranos] Scranton with f^&*in' clams. This is the financial capital of the f&*%in' world! What the hell do those hicks up there know? Tell that F&*%in' schmuck Garrity to go f%^&in' f#$% himself."

We don't know too much, Old Darling. Except I do remember something about the mutual fund being invented in Boston, and the original Ponzi operating in the North End...oh and some relatively smart people associated with the country's best academic cluster.

The bottom line is something that I have tried to explain to people since I moved from the suburbs of NYC to Boston a long time ago. The whole baseball thing has been (perhaps until recently) metaphor for the relationship between the cities. Boston has an inferiority complex, and New York hates the fact that such a "small" city has so much going for it.

Or maybe the Bosstones said it best:

It's 4:30 in the mornin'
I'm tattered, tired and torn
Trying to keep up the pace,
This ain't my home, this ain't my place
The candle keeps on burning
At this point there's no returning
The policy is clear, anything goes when you are here
Almost anything goes
From the nightclubs to the shows
Almost anything goes
From the haircuts to the clothes
Almost anything goes
From your head down to your toes
Almost anything goes,
Does this place ever close?
I wanna wake up in a city
That likes to go to bed
Where they know what time of day it is
But I'm stuck here instead [or my version: where they're not all f%&*ed up in the head]
The rules are disregarded
So it's time we all got started
Moving at this hyperspeed
This city seems to need
Nice place to visit but I don't wanna die here
I stay on my toes wherever I go by
I was killing all my money,
Spending brain cells just as fast
So I'll grab a taxi cab, head somewhere I can crash
port authority, driver
Home's my destination
Don't no one wake me up till we're near
Park street station
There's this electric lure that's sometimes so attractive
But I'd rather hang my hat on a hook that's not so active
I was walking on the wild side, I was in that state of mind
The neon lights were bright
But I'll be leaving them behind
Big city of dreams can be a nightmare
A knife, a fork a bottle, a cork I'm outta here

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