Senate Holds Hearing On Madoff Ponzi Scheme And SEC Oversight
Financial analyst and fraud examiner Harry Markopolos (L) listens to U.S. Securities and Exchange Commission Enforcement Division Director Robert Khuzami and Acting Director of Compliance Inspections and Examinations John Walsh testify about the failure of the SEC to discover Bernard L. Madoff's Ponzi Scheme during a hearing of the before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill September 10, 2009 in Washington, DC. Markopolos said that half the lawyers working at the SEC should be fired for incompitence and that they "couldn't find a steak at an Outback."
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