Political Quotes

Pat McHenry: “Madoff's caper was not caused by any lack of laws, rules or Federal employees; it was caused by a lack of employees who…”

On the recordJune 5, 2012
Madoff's caper was not caused by any lack of laws, rules or Federal employees; it was caused by a lack of employees who were willing to do their jobs.
Said by
Pat McHenry
Republican · North Carolina

Editor's note · Context

McHenry emphasizes that regulatory failures, not lack of laws, led to the Madoff scandal.

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