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Remember how badly the SEC bungled the Madoff case?

Well, it finally disciplined 8 of the employees who were involved. Or maybe I should say "not involved."

I think most would agree that the employees got off lightly. Here's a piece I wrote up for Fool.com about it:

http://www.fool.com/investing/general/2011/11/14/wrist-slaps-all-around-at-the-sec.aspx

Just reading the Inspector General's report from 2009 again made my blood boil. The level of incompetence is almost beyond belief.

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