before the House Financial Services today. Markopolos was confident and well spoken. Under questioning, he explained more than once what was needed to change operations at the Security Exchange Commission. He was very upbeat as he explained the new type of person needed to supervise financial activities at the SEC.
They should be gray- haired, even bald, Markopolos said, and from the industrial sector where they made enough money to not want more.
Doesn’t that sound like a partial description of Bernie Madoff?