Rep. Ackerman on Madoff Fraud

This is what all of our representatives should be doing - this guy is my new hero. This comes after the Madoff whistle-blower testified about how many briefs he had filed (over 9 years) and how each of them fell on deaf ears.

First the whistle-blower:



Now the interrogation by Ackerman of those involved.

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.

Learn more at: http://www.speaker.gov/blog/?p=1676

Tags: Politics, economics, rants, inspiration, Rep. Gary Ackerman, Bernie Madoff, Fraud, scandal, Congress, whistle blower, SEC