The SEC takes it

The Maddoff scandal is the biggest Ponzi scheme to date.  A couple days ago the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises held a hearing to assess the alleged $50 billion investment fraud engineered by Mr. Bernard L. Madoff. Rep. Gary Ackerman questioned witnesses from the Securities and Exchange Commission.   This video makes me smile.  I had no idea CSPAN could be this interesting!