On the recordSeptember 12, 2011
Clearly, Madoff was not empowered by a lack of loss. He was empowered by a lack of enforcement.
Source
congress.govClearly, Madoff was not empowered by a lack of loss. He was empowered by a lack of enforcement.
Posey emphasizes that enforcement failures, not laws, allowed Madoff's fraud.
Share
More from Bill Posey
I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: At the end of the bill (before the short title) insert the following: Sec. __. The amount otherwise made…
Experts tell us there are two kinds of climate-related risk: natural risks that I just asked you each about; and the risk to financial positions for transitioning away from things like fossil fuels to other energy sources.