BUSINESS
02/11/2009 05:12 am ET Updated May 25, 2011

Investigators: Brace For More Madoff Scandals

Barack Obama's economic team, already reeling from the financial meltdown, certainly doesn't need any more headaches. But investigators and Washington officials say that they're almost certainly going to face one unexpected problem in 2009: More Bernard Madoff-style corruption scandals.

The ranking member on the House Financial Services Committee, Rep. Spencer Bachus (R-Ala.), says he's confident there's more bad news on the way.

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