jump girlfriend for mike conley. >>phil: going back to randolph, over the last two games he has had 22 offensive reboundings. steve: and his numbers are amazing. he looks for help. gives you a couple more numbers. here is gilbert arenas on a tip away and no good. >>phil: i think butler could have gotten to that ball. steve: yes. >>phil: leave it in the hands of the officials. steve: good point. played five minutes for the first quarter. and gilbert with the jumper and randolph for the rebound. randolph's totals were 65 point in dallas and 42 rebounds, the most in any two game span since 1978. >>phil: we talked about 31 years ago that hasn't been done. steve: here is butler's jumper and ca some. conley on the side. here is a jump, good. >>phil: boyd what a good night in minnesota. steve: three pointers that nearly had the wizards close enough to steal it. carol tips it off for randolph. thinking bit. knocked away out-of-bounds. watson got called and slapped on the wrist. the wizards will get the ball back. with a chan

conley. next we will hear from steve harbeck, president and chief executive officer of securities investor protection corporation. >> thank you, mr. chairman. chairman, ranking member garrett, members of the committee, thank you for giving me an opportunity to discuss the work over the last year and discuss possible amendments. my name is steven harbeck. i worked at sipc for 34 year. sipc has no role in the investigation of the firms. when sipc is informed that a brokerage firm has failed, we institute a customer protection proceeding and refer it to the bankruptcy court. customers of brokage firms are protected within statutory limits. the first such source of protection is a pro rated distribution of customer property as professor coffee noted this morning, that makes ate zero sum game. sipc can supplement customer property by as much as $500,000 per customer with a limit of $100,000 for cash. sipc has overseen the return of approximately $160 billion to customers and has advanced more than

conley's mention of the constant dollar carried the first time s-- constant dollar theory. the first time sipc was presented with this was november 23. we have in our amendments asked for an indexed to inflation with respect to the cash protection under our statute. it creates different arbitrer results, one that the statute now has. -- different arbitrary results from the one that the statute now has. he would have to say that a person who received all his money back and received stolen money would get even more at the direct expense of people who have not been made whole. in about two dozen of those accounts, we located -- in about 2000 of those accounts, we located in new york 130 people who received net, given what we expected the trusty to recover, and $19 million less. we do not think that is the best of all possible worlds. it is a zero sum game. that said, because this is an issue of first impressions, we will continue discussing this with the sec on that matter. with that, i would be pleased to answer your questions. >> thank you very much. i will ask you a few que

conley and we're about to go for a vote.from my perspective and this may predate your involvement at the s.e. s.e.c., but having observed over the course now of these two years the madoff fiasco and the travesty s travesty that it has created not just for the american people, but the federal government and the s.e.c. failed. it failed miserably. when we had the whistleblower. us, i was astonished at the degree by which he continued to pursue this. i mean, he came before the s.e.c. five or six times seeking the s.e.c. to take some action against mr. madoff. and even when the s.e.c. went out to see mr. madoff, mr. madoff has now admitted that when the question was asked of him, who is your custodian, and he rattled off the name and he was convinced within next three days he would be shut down because the custodian did not provide those services but the s.e.c. never even made the phone call to find out whether or not whether mr. madoff was operating through that custodian. from my perspective, the government, the federal govern

conley and we're about to go for a vote. from my perspective and this may predate your involvement at the s.e. s.e.c., but having observed over the course now of these two years the madoff fiasco and the travesty s travesty that it has created not just for the american people, but the federal government and the s.e.c. failed. it failed miserably. when we had the whistleblower. us, i was astonished at the degree by which he continued to pursue this. i mean, he came before the s.e.c. five or six times seeking the s.e.c. to take some action against mr. madoff. and even when the s.e.c. went out to see mr. madoff, mr. madoff has now admitted that when the question was asked of him, who is your custodian, and he rattled off the name and he was convinced within next three days he would be shut down because the custodian did not provide those services but the s.e.c. never even made the phone call to find out whether or not whether mr. madoff was operating through that custodian. from my perspective, the government, the federal gover

conley.next we will hear from steve harbeck, president and chief executive officer of securities investor protection corporation. >> thank you, mr. chairman. chairman, ranking member garrett, members of the committee, thank you for giving me an opportunity to discuss the work over the last year and discuss possible amendments. my name is steven harbeck. i worked at sipc for 34 year. sipc has no role in the investigation of the firms. when sipc is informed that a brokerage firm has failed, we institute a customer protection proceeding and refer it to the bankruptcy court. customers of brokage firms are protected within statutory limits. the first such source of protection is a pro rated distribution of customer property as professor coffee noted this morning, that makes ate zero sum game. sipc can supplement customer property by as much as $500,000 per customer with a limit of $100,000 for cash. sipc has overseen the return of approximately $160 billion to customers and has advanced more than