Eideard

Technicians who tested a Toyota Prius after its owner claimed its gas pedal stuck were unable to recreate the same condition, according to a draft congressional memo obtained…by CNN.

In addition, owner Jim Sikes’ claim that the car kept going even though he slammed on the brake while his gas pedal was stuck to the floor does “not appear to be feasibly possible,” said the draft, obtained from sources familiar with the investigation.

The memo, written for members of the Committee on Oversight and Government Reform, summarizes the observations of a representative present at the testing of the Prius, as well as another car “allegedly involved in sudden unintended acceleration events.”

Contacted by CNN, Sikes declined to comment but said he stands by his story. He said his attorney will be making a statement on his behalf…

Eventually, a California Highway Patrol officer caught up to Sikes and used the patrol car’s public address system to instruct Sikes to apply the brakes and the emergency brake at the same time. That tactic worked, and he was able to stop the car…

Sikes said he’d been afraid to shift into neutral at 90mph because he was afraid the car would flip over!

Technicians from Toyota and the National Highway Traffic Safety Administration took Sikes’ Prius on a test drive and attempted to duplicate the same experience, the memo said, but were unsuccessful. A congressional staffer and another Toyota technician tested another Prius.

“Every time the technician placed the gas pedal to the floor and the brake pedal to the floor, the engine shut off and the car immediately started to slow down,” the memo said. “NHTSA and Toyota field representatives reported the same results with the 2008 Prius owned by Mr. Sikes.”

“These findings certainly raise new questions surrounding the veracity of the sequence of events that has been reported by Mr. Sikes,” said Kurt Bardella, spokesman for Rep. Darrell Issa, R-California, and ranking member on the committee.

I can’t testify with any accuracy about Mr. Sikes’ truthfulness. BUT – he’s a bankrupt realtor $700,000 in debt including months of payments on his leased Prius. Which I imagine Toyota has threatened to repo.

The bankruptcy statement isn’t clear on how much he makes from his AdultSwingLife website.

Daylife/Reuters Pictures used by permission

Nobody was more surprised that the Securities and Exchange Commission did not discover Bernard L. Madoff’s enormous Ponzi scheme years ago than Mr. Madoff himself.

After all, it would have been pretty simple, he said in a transcript of a jailhouse interview that is part of a trove of official exhibits released on Friday by the S.E.C.’s inspector general, H. David Kotz.

In the interview, Mr. Madoff said that the young investigators who pestered him over incidentals like e-mail messages should have just checked basics like his account with Wall Street’s central clearinghouse and his dealings with the firms that were supposedly handling his trades.

“If you’re looking at a Ponzi scheme, it’s the first thing you do,” he said.

Those simple steps, he added, could have revealed years earlier that he was running the largest Ponzi scheme ever, a crime that has now dragged the S.E.C. into the worst scandal in its 75-year history. “It would have been easy for them to see,” he added.

The new exhibits consist of 6,157 pages of interviews, letters, e-mail messages, telephone records and other background material gathered during Mr. Kotz’s 10-month investigation of how the commission handled, and mishandled, numerous tips and warnings it received about Mr. Madoff over the years. His full report, released last month, found the agency had received six substantive complaints since 1992 — and botched the investigation of every one of them. He found no evidence of any bribery, collusion or deliberate sabotage of those investigations.

You needn’t worry much about investigators when you know the highest agency of the electorate – the United States Congress – has abdicated any responsibility for oversight. It started in 1994 with Newt’s Contract on America – accelerated and grew through K Street and C street – culminating in the Halliburton Years with Dickie and George W..