After Bernard Madoff confessed in December to looting some $50 billion from investors through a long-running, widespread Ponzi scheme, Rep. Paul Kanjorski, D-Pa., complained that this massive fraud "fell through the cracks of our regulatory system."
Indeed it did, but let's be blunt — there are now a lot more "cracks" than "system" in America's financial regulatory apparatus.
It's not like Bernie was running some intricate, obscure and novel t ...
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