[chrisser]

Bernie Madoff and all the other scandals clearly demonstrate that some form of regulation is needed.

You can't be serious! You do know he was audited by the SEC and given a clean bill of health, like last year.

Instead of regulation finding the problem, it convinced many people Madoff was a safe bet.

[bronxboy]

The indicates the need for more regulation not less...certainly Bernie should have been caught. By the by Madoff’s niece married one of the regulators so I am not surprised he was not ‘caught’. The SEC is in the tank for the Wall Street Bankers...only people like Martha Stewart are targeted...she would have been OK if she worked for Citi or BOA or Goldmans