Today’s House Financial Services Committee hearing (”Assessing the Madoff Ponzi Scheme and Regulatory Failures“) is underway. The hearing can be viewed live at this link (click here).
The five witnesses from the SEC have submitted one jointly prepared testimony. Their joint testimony is available at this link (click here).
First off I would like to know who were the people responsible at the SEC during the time Markopolos “Blew the Whistle”. They are more than incompetent and themselves need to suffer repercussions. I also agree with the congressman, it would be quite helpful if Markopolos could ask some questions personally to the SEC individuals responsible.