“Washington’s top cop for Wall Street, hamstrung by bureaucracy and inexperienced investigators, failed to thoroughly pursue multiple warnings about Bernard L. Madoff’s multibillion-dollar Ponzi scheme, according to a scathing new critique of the Securities and Exchange Commission by its internal watchdog.” (Washington Post, Thursday)
The mere existence of the SEC lulled his victims into complacency.
FEE Timely Classic
“Regulation Will Stop Future Madoffs? It Just Ain’t So!” by Chidem Kurdas
