11/06/2013
https://www.congress.gov...
"Several of Mr. Madoff's family members worked for agencies responsible for regulating Mr. Madoff's firm."
"I have no doubt that 2008 will go down in history as one of the darkest years for our system of Federal financial regulation."
"But even after regulators conducted eight investigations over 16 years, virtually nothing was done."
"The failure of regulators to check the irresponsibility on Wall Street allowed financial titans to grow so large and powerful that their collapse was a systemic disaster for our economy."