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 government, failed miserably and the s.e.c. in particular. so my question to you i

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 government, failed miserably and the s.e.c. in particular. so my question to you