Its all about politics but at least its nice to see our Reps pretending to do something useful unlike the guy below (who is now a lobbyist for a tobacco firm – we kid you not).
Great clip of Ackerman attacking SEC over the Bernie Madoff Fraud.
H/T QTR
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.
