Pot Dodd accuses Kettle Madoff

"The SEC, already faulted in connection with the collapse of Bear Stearns Cos. and Lehman Brothers Holdings Inc., now faces criticism for failing to detect what Madoff termed “a giant Ponzi scheme.” Senate Banking Committee Chairman Christopher Dodd, a Connecticut Democrat, and Senator Charles Grassley, an Iowa Republican, have questioned its vigilance in enforcing securities laws." Bloomberg

And where was Dodd during the banking failures, during the Fannie Mae melt down, during the scummy scammy non-profit housing agencies blackmailing the banks in the name of diverse neighborhoods and multicultural mortgages? We've got the foxhound watching the fox watching the hen house with nary a yelp or growl.