Congressman Bill Posey Questions SEC Chair About Accountability for Madoff Fraud 7-20-10

Congressman Posey questions Securities and Exchange Commission Chairwoman Mary Schapiro about holding agency regulators accountable for ignoring Bernie Madoff's $65 billion Ponzi scheme until it was too late. - July 20, 2010


"If the people that allowed Madoff's fraud perpetuate are now at other regulatory agencies I think we ought'a know that and the other agencies ought'a be put on notice — if they are working at companies that they used to regulate we ought'a know that too."

"I think there is a necessity to know where they are. Its like letting a pedophile slink out the door or change neighborhoods makes everything ok."

Category:

News & Politics

Tags:

• MF
• Global
• Stanford
• SEC SIPC FINRA failures
• regulatory capture
• Wall Street greed
• corruption
• Wall Street Banksters
• investor confidence
• revolving door
• Schapiro
• Posey