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Thank you standard you're talking about the -- right there Bernie Madoff sneeze is married to a former compliance official at the SEC made off.
Once advised the SEC under former chairman Arthur Leavitt Leavitt has said his relationship with Madoff was not social.
And that the SEC did not drop the ball and missing his alleged Ponzi scheme now SEC chairman Chris Cox is looking into how the SEC did just that.
How specific allegations against mr.
Madoff were brought up with the SEC going back to 99.
And the commission was never recommended to act in -- statement Cox says I am gravely concerned by the apparent multiple failures over at least a decade to thoroughly investigate these allegations.
Or at any point to seek formal authority to pursue them so the FCC's now looking at its internal operations the Madoff family and any connections between -- Madoff and his wife had ties to Washington a look at his donation history since 1992.
Just as firm gave more than 370000.
Dollars since 1991 mostly to Democrats.
He and his wife were also politically active giving 238000.
Dollars to federal candidates since that year he's given thirteen thousand dollars to senator Ron Wyden who serves.
On the finance committee senator Chuck Schumer sits on the senate banking and finance and also congressman Ed Markey of Massachusetts.
-- on energy and commerce in house though it is not unusual for businessmen to give sums of money even greater -- this to legislators campaigns especially those who serve on committees.
Like this was back to you.
You know rich and the SEC another black guy we there's been word out already -- -- the SEC had information about.
This Kim from or liable to -- Bernie Madoff saying look this is the -- being told about an in 2000.
SEC apparently dropping the ball also on the Bear Stearns and Stearns problem.
Knew about it early you know reports coming out of there.
-- offices in Florida.
What do you think is gonna happen what's the future BS EC -- -- that -- into the commodities futures trading commission has been talked about.
That has been on top.
Think especially even before the credit crisis you know treasury came out with its blueprint even before we do the full breath of the credit crisis now you have folks in congress and lawmakers who were talking about.
Almost in a way of certainty that they are going to re right regulation in this country it will start.
With the next congress and congressman Barney Frank is someone.
Who's going to head that up along with senator Chris Dodd said it repeatedly that they want a 21 century regulatory system -- right -- -- -- reporting protests and thank you been all over the story along with Sandra Smith.
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