[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

[chrisser]

The indicates the need for more regulation not less...certainly

The SEC was established precisely to regulate this type of behavior. They couldn't even find an obvious Ponzi scheme - one of the oldest frauds on the planet.

And your solution is more regulation to regulate the regulators? Will we then need more regulations to regulate the regulators regulating the regulators?