In an interview with the Washington Post, the outgoing head of the Securities and Exchange Commission denies any responsibility for scandals that took place during his tenure. Chris Cox told the paper that his agency doesn’t prevent banks from going bankrupt and that concerns about Bernard Madoff’s company were never reported. In light of recent failures regarding the Madoff scandal, the SEC is not investigating itself. (ProPublica)
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=172325