03/10/2010
https://www.congress.gov...
"If we missed Madoff, it seems to me we have got to go back and revisit that whole model, don't you agree?"
"I personally would."
"There seems to have been a glaring missed obligation regarding this matter that went on so long with so many flags being raised."
"In effect, then, you become worthless, in a sense. What is the purpose at this point? Creating that kind of a fiction merely then avoids any kind of real supervision."