>Let's also not forget the SEC has not proven it's abilities to catch bad behavior... Given that it was warned about the Madoff fraud for 9 years and did nothi

>Let's also not forget the SEC has not proven it's abilities to catch bad behavior... Given that it was warned about the Madoff fraud for 9 years and did nothing, I would say it proved the opposite. It's interesting to see Gheitner use the Madoff case as justification to expand the SEC's authority. http://www.usatoday.com/money/markets/2009-02-12-markopolos-madoff-ponzi_N.htm http://www.usatoday.com/money/markets/2009-02-12-markopolos-...