I am absolutely SHOCKED!
Wow, here's a big shocker:
"U.S. Securities and Exchange Commission Chairman Christopher Cox said the agency failed to act for almost a decade on “credible and specific allegations” of wrongdoing by Bernard Madoff, who authorities say bilked investors of as much as $50 billion."
Don't worry about all those billions of dollars that investors were rooked out of and that whole ratings agency issue, we nailed Mark Cuban and Martha Stewart to the wall (neither of whom I like, but still). Good grief, what will it take for Chris Cox to get canned already. The SEC is a bunch of morons.
SEC Failed to Act on ‘Credible, Specific’ Madoff Tips, Cox Says