I think it is alarming to find out that someone who may have had a financial interest in the Madoff settlement was actually handling many of the very high-level discussions that were going on at the SEC.
McHenry expresses concern over potential conflicts of interest at the SEC regarding the Madoff case.
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We need to get to the bottom of whether or not this is a supervisory problem, a regulatory problem, a bank mismanagement problem, perhaps all three.
I think the viable question for the American people is whether or not you have a progressive prosecutor using the justice system to go after political enemies for a political splash.
I thank the Chair, and I thank the panel for being with us today to continue our investigation of the poisonous culture at the FDIC.
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