Well Obama’s SEC Director appointed Bernie Madoff’s son to a regulatory position!!!
?? huh??
I think you’re referring to the former SEC official who married Madoff’s niece. It does smell, but so far as we know right now he may not have had any relationship with her while he was on the case — though it does raise another kind of corruption, going easy on a company you are supposed to investigate b/c you want to bang the “compliance lawyer” for that company. That does seem to be how he met her, but it doesn’t seem to have anything to do with the Obama admin. so far as I know.
http://abcnews.go.com/Blotter/WallStreet/story?id=6471863&page=1
“A top Securities and Exchange Commission compliance official who worked for the SEC when it found no problems at Bernard Madoff’s firm in 2005, later began to date and married Madoff’s niece, who was a compliance lawyer for the company.”