Barack Obama: “When a man named Bernard Madoff can, over the span of 10 or 20 years…”

On the recordJune 1, 2009

When a man named Bernard Madoff can, over the span of 10 or 20 years, lure investors into what has turned out to be a Ponzi scheme, causing many of them to lose millions of dollars, and his wrongdoing goes unnoticed by major regulatory agencies, it is clear more has to be done.

Said by

Barack Obama

Democratic · Illinois

Source

congress.gov

Editor's note · Context

Obama emphasizes the need for regulatory reform after the Madoff scandal.

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Barack Obama: “When a man named Bernard Madoff can, over the span of 10 or 20 years, lure investors into what has turned out to be a…”

Editor's note · Context