Congress is supposed to start its review of the SEC today, January 5.
In the spirit of inquiry, we’re wondering–only half jokingly–had Mr. Madoff admitted only to losing vast sums of money in September, would the government have provided bailout money to him?
Why not? At the point regulators had investigated his firm eight times over 16 years, and presumably found very little that was suspicious. (Here’s our take on regulators as “wise” monkeys.)
Were the actions of board and senior managers at many of the other firms that sought and… Read the rest
