House Hearing On Madoff

Former investment manager Harry Markopolos, who investigated investment adviser Bernard Madoff in the 90's, testified before the House Financial Services Subcmte. on his experiences with the Securities and Exchange Commission. This is the second in a series of hearings on the Madoff investment scheme.
C-SPAN

This is why I believe that we should tax each transaction, like a sales tax, to fund the regulators.
For a better reason to change the current system of letting the firms finance their own regulators, just watch this, or look our your window.