House to Probe Madoff Scandal Today

In case you’re interested…

" Jan. 5 (Bloomberg) – The U.S. Securities and Exchange Commission may come under fire from lawmakers today for failing to quash Bernard Madoff’s alleged $50 billion Ponzi scheme after an investor alerted the agency to the suspected fraud.

The House Financial Services Committee is scheduled to hear from one of Madoff’s alleged victims, securities law experts and the SEC’s inspector general, David Kotz, who’s probing the agency’s handling of the matter. Harry Markopolos, the former money manager who says regulators didn’t act on his tips about Madoff, canceled his appearance. "

Scheduled to start at 2pm Eastern Time on CSPAN.

I would like to know how the investment experts at Austria’s MEDICI BANK, Spain’s Bank Santandar, RBS, etc. gave money to this crook.

All the more reason to tune in.

Even if your question isn’t answered today,you’ll probably get more info than you (and I) can stomach.