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came across this story in my daily paper Thursday, and was immediately taken by the title, first of all, but the sheer incompetence demonstrated by the SEC over a number of years, second of all. It is truly staggering. This headline is only part of the story, though SEC Botched Inquiries Into Madoff Scheme: Inspector General Cites Inexperienced Staff and Delays; 'A Failure That We Continue to Regret'.
A "failure" that you "continue to regret"? Uh, no @!$%#, Sherlock! And how do you think all of those people who lost their LIFE SAVINGS feel? Do you think they "regret" your incompetence?? I mean, really - no freakin' duh. That's putting it so mildly as to be insulting (to say the least), especially given what people went through, are going through, WILL be going through as a result of this "botch":
The investigation found no evidence that the SEC staff had been influenced by Mr. Madoff or any of his family members. A senior SEC examinations official was dating Mr. Madoff's niece during part of that period and is currently married to her, sparking speculation that Mr. Madoff's firm may have gotten a break.
choke! choke! Choke
