Chuck Grassley actually said...

"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."

"Will that sort of punishment be known to the public? Or will there be an attempt to keep it secret?"

"It is very important to have these oversight hearings, particularly within 1 year after FERA has been passed."