Video Q&A with SEC Chairman Schapiro
Following a meeting with our editorial board, SEC Chairman Mary Schapiro voiced strong support for the financial regulation reform bill currently pending before the Senate Banking Committee, arguing that a regulatory overhaul is necessary to prevent another Wall Street meltdown.
Schapiro, appointed to her job by President Obama last year, said that the bill would subject hedge funds and derivatives trading to federal regulation for the first time. She also spoke of the impact on her agency of its failure to detect Bernard Madoff's huge Ponzi scheme, saying that she has sent every SEC employee copies of letters from the victims as a reminder of how their jobs affect average people.
You can watch the video interview with Schapiro here:
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| March 18, 2010; 4:30 PM ET
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Posted by: jdonner2 | March 18, 2010 6:11 PM | Report abuse
no, jdonner2, it's not the same woman
Posted by: mroctober | March 18, 2010 9:31 PM | Report abuse
"She also spoke of the impact on her agency of its failure to detect Bernard Madoff's huge Ponzi scheme, saying that she has sent every SEC employee copies of letters from the victims as a reminder of how their jobs affect average people"
what
we want criminal indictments for SEC employees ( all of them involved nto jsut the managers)
and at least we want them fired. There are thousands of qualified, honest and ethical people who can replace these looters at the Se.
Posted by: JohnAdams1 | March 18, 2010 11:36 PM | Report abuse
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Isn't this the same woman who was in charge of enforcement at the SEC and could't figure out that Madroff was a crook even when people lead her to the trough. That is the problem with DC. Failures get promoted, not fired.