[HiTech RedNeck]

Bernie would have come down a lot quicker had everyone understood the SEC was asleep at the wheel. But now we know that, why we don’t see a shower of more tumbling Bernies is a puzzle.

[nickcarraway]

The SEC is only capable of cleaning up a mess, it’s never going to be about preventing them. The market should be doing that, and there should have been a lot more suspicion about Madoff.

[LomanBill]

>>had everyone understood the SEC was asleep at the wheel.

The SEC couldn’t find it’s own A$$ with both hands. . . and a SQL query providing a list of the THOUSANDS of loans for which the FICO score was fabricated/altered/forged by Argent Mortgage...

Oh, did I say that out loud?

[dfwgator]

Bernie would have come down a lot quicker had everyone understood the SEC was asleep at the wheel.

They weren't asleep, but many were paid to look the other way.