02/24/2010
https://www.congress.gov...
"Had we recognized this at the outset and addressed each problem by order of priority and in a coordinated fashion, I believe our response would have been more effective and made better use of taxpayer..."
"Potentially fruitful leads were not pursued, while significant staff resources were devoted to running down clearly unproductive avenues."
"Investigations were unfocused, understaffed, and improperly documented."
"Last January, right here in this room, a little more than 1 month after Bernard Madoff confessed to running a $50 billion multi-decade Ponzi scheme, this Committee held a hearing to try to understand ..."