Political Quotes

Mike Johanns: “The SEC--and I acknowledge this was prior to your time. But it failed to detect Ponzi schemes like Madoff, Stanford…”

On the recordMarch 26, 2014
The SEC--and I acknowledge this was prior to your time. But it failed to detect Ponzi schemes like Madoff, Stanford; didn't sound the warning on the collapse of the U.S. financial system--or near collapse.
Said by
Mike Johanns
Republican · Alaska

Editor's note · Context

Johanns criticizes the SEC for failing to prevent major financial scandals.

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