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Schumer Says A Better Funded SEC Could Have Stopped Madoff


Parsad
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Senator Schumer believes more funding for the SEC could have prevented Bernie Madoff. 

 

http://www.cnbc.com/id/36562610

 

I'm sure the SEC is understaffed and underpaid as Schumer says, but more funding would not have stopped Madoff.  There is a disconnect between the training some of the staff at the SEC receive and the enforcement of the law.  I don't think Harry Markopoulous could have done anything more than he did to draw attention to Madoff...at various levels of SEC enforcement.  All to no avail!  Cheers!

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