Bill Posey actually said...

It sounds like we are going to build a world-class waste of taxpayers' money, quite frankly.

They had great intel, and they knew what Madoff was doing wrong for 10 years; they just refused to take any action.

So many agencies now have just turned into lobbyist manufacturing machines.

A condescending attitude of evasiveness and arrogance and defiance is what fuels the public distrust in this process.