In Madoff’s Wake, S.E.C. Is Told to Revamp Inquiries

This is a blog post from DealBook, a blog edited by Andrew Ross Sorkin on the New York Times website.  This entry discusses the Security and Exchange Commission's response to its failure to detect Madoff's Ponzi scheme.  The post includes the official report and memorandum from the S.E.C.’s inspector general, H. David Kotz.  The post discusses the 21 recommendations that Kotz made to the S.E.C.’S division of enforcement.  I find this article interesting because it shows even though the government has commissions in place to regulate the economy they often fail to do their jobs.