Chuck Grassley actually said...

"Our legislation is a very important key to investigating and prosecuting complex financial fraud."

"The Ponzi scheme perpetrated by the Madoffs and Stanford were serious breaches of our financial regulatory system."

"It has been over a year since the SEC Inspector General issued the Madoff report."

"I do not think that is an acceptable trend in light of the American people's concern over waste, fraud, and abuse in the Federal Government."