Political Quotes

Bill Posey: “Clearly, Madoff was not empowered by a lack of loss. He was empowered by a lack of enforcement.”

On the recordSeptember 12, 2011
Clearly, Madoff was not empowered by a lack of loss. He was empowered by a lack of enforcement.
Said by
Bill Posey
Republican · Florida

Editor's note · Context

Posey emphasizes that enforcement failures, not laws, allowed Madoff's fraud.

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