02/23/2009
https://www.congress.gov...
"Bernard Madoff stole $50 billion. He stole from individuals and pension funds and charities and municipalities like Fairfield in my home state."
"There can be no excuse for that colossal failure. But I demand--the victims of this fraud...demand--an explanation."
"Instead of helping people understand risk, it was hiding risk, in effect, too often and relying on the people who paid their salaries."
"We need to restore honesty and integrity to our financial system."