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.
Dick Durbin: “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
Durbin emphasizes the need for regulatory improvements after the Madoff scandal.
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