I was watching this fraud expert, Harry Markopolos, testifying last night on the national news, throwing out one of the funniest lines I’ve heard in a long time, to effect:

“If you flew the entire SEC staff to Boston, sat them in Fenway Park, they wouldn’t be able to find first base.”

Okay, it was dark humor. He was talking about how he spent nine years unsuccessfully trying to convince the Securities and Exchange Commission to pay attention to his warnings that Bernie Madoff wasn’t for real. (“I gave them a road map and a flash light…”)

Had his warnings been taken seriously at the time, the losses to investors via the Ponzi scheme might have been $7 billion rather than the $50 billion or more they turned into when Madoff finally confessed in December. (Had the markets not turned down so badly, Madoff would likely still be doing his thing, right under the SEC’s nose.) The rest of the news segment showed officials of the Securities and Exchange Commission mumbling nonsense in response to inquiries from members of Congress about how they could have screwed up so badly—not even allowing the minimum: that they didn’t take the warnings seriously because Madoff was so much a part of the established order

I had this vision as I watched the pathetic show of bureaucratic bumbling of a few years into the future. There is a massive outbreak of illness from some food contamination or another. And a Congressional committee is listening to Miguel or Dave Milano or Lynn McGaha or Blair McMorran or Mark McAfee explaining that it all could have been avoided had the U.S. Food and Drug Administration listened to their pleadings to not obsess about raw milk and pathogens and instead encourage consumers to build up their immunity via unpasteurized dairy products, fermented foods, and other foods with a probiotic benefit.

And the FDA officials are mumbling nonsense about why they not only ignored the warnings, but persecuted farmers and others producing and distributing the beneficial food. Left unsaid in their mumblings: they preferred to place their trust in agribusiness and Big Pharma.