09/29/2010
https://www.congress.gov...
"I do not believe this could ever have been a one-man operation."
"The SEC received more than ample information in the form of detailed and substantive complaints, but a thorough and competent investigation or examination was never performed."
"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."