05
Feb
09

Tough Questions for the SEC

The House is raising “hell” with the SEC and this is the best I’ve ever seen our congress get try to get answers to why Bernard Madoff was able to steel $500 billion dollars of honest citizens hard earned life time’s saving money.

The YouTube Playlist video speaks for itself:

This morning, the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises is holding a hearing to assess the alleged $50 billion investment fraud engineered by Mr. Bernard L. Madoff.

This is the second in a series of hearings that will help to guide the work of the Financial Services Committee and the Capital Markets Subcommittee in the 111th Congress in undertaking the most substantial rewrite of the laws governing the U.S. financial markets since the Great Depression. Rep. Gary Ackerman questioned witnesses from the Securities and Exchange Commission.

Learn more at: http://www.speaker.gov/blog/?p=1676

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