The members of a group called the Stanford Victims Coalition have taken out a full-page ad in The Wall Street Journal with an “Open Letter to US President Barack Obama.” In the letter, the Coalition says that they are “the victims of what has been alleged to be one of the most fraudulent, politically corrupt, and criminal financial operations in history” and that for over two decades, the Stanford Financial Group and its various entities “were able to operate without adequate oversight by numerous government agencies charged with protecting us.”
The Coalition writes that they
ask the US government to explore all options to help Stanford victims recover their losses and to address the legislative need for compensation for those who suffer catastrophic losses when compliance requirements are not appropriately enforced by government regulators. We are not asking for a bailout – we simply want to get back what is rightfully ours.
(via The Independent Weekly)