Huffpost Homepage

AP: Congress Missed SEC Napping On Madoff

Posted: Updated:

WASHINGTON -- It's not often that erudite senators declare themselves baffled, mystified or bereft of understanding. But they'll cast themselves as clueless if it helps to make this point: That profound fraud, government screw-up and/or scandal? Not our fault.government screw-up and/or scandal? Not our fault.

Especially the one involving Bernard Madoff. That was the Securities and Exchange Commission's fault, at least according to lawmakers.

Read the whole story at Yahoo! News

Around the Web

Marketplace: Panel questions how SEC missed Madoff

ABC News: Government Wants Madoff in Jail Now

Why The SEC Missed Madoff - Forbes.com

SEC Missed Madoff's Ponzi Scheme

THE SEC WATCHDOG WHO MISSED MADOFF - New York Post