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To: Paul Kern who wrote (78403)	5/20/2009 12:02:02 AM
From: Cogito Ergo Sum	Respond to of 118717

Doesn't make me feel warm and fuzzy somehow..

To: Paul Kern who wrote (78403)	5/20/2009 12:02:04 AM
From: Cogito Ergo Sum	Respond to of 118717

Duplicate

To: Paul Kern who wrote (78403)	5/20/2009 9:12:14 AM
From: Sober	Read Replies (1) \| Respond to of 118717

I still feel the same way I did when earlier I wrote... " This is all very good, as long as it does not obscure the larger and potentially more important charge concerning Madoff. Who was it at the SEC that was the final and ultimate decision maker who said not to require Madoff to register since he had about a zillion more clients than is allowed for a non registered investment advisor. The answer to that will lead to more important reform at the SEC, IMHO." It is frustrating that a particular person has not been charged with deciding not to decide on the Madoff matter. Someone in the SEC had to decide NOT to proceed correctly. To identify that person and understand why that person was motivated, perhaps even persuaded or forbidden, from taking the correct course of action regarding Madoff would almost certainly lead to a chain of command that would be implicated. How far that chain went is anyone's guess. I would rather see that course of action reveal all the implicated people, charge them with appropriate criminal charges, remove them and then continue the SEC with honest and courageous people. After recently watching American Gangster, and recalling the power of Newark Police Department detective Richie Roberts in bringing reform to almost the entire NY police department, I guess I wish for a single person to stand up and reveal the actual people in the SEC who are responsible, rather than trash the entire SEC organization. Let's start with at least one solid guilty person there. The American people deserve to see some justice come about regarding the negligence at the SEC. Sober