Lawmaker To SEC Lawyer: “We Thought The Enemy Was Mr. Madoff. I Think It’s You”

February 4, 2009 10:04 am

More great political theater from the Madoff hearings.

Rep. Gary Ackerman, a New York Democrat, just reamed out the SEC’s top lawyer, Andy Vollmer, over Vollmer’s decision to decline to answer lawmakers’ questions about the SEC’s failure to catch Madoff.

Some highlights from Ackerman:

“Most of us speak English, and we’re having a hard time understanding you.”

“Your value to is useless. Your value to the American people is worthless. Your contribution to this proceeding is zero.”

“Our economy is in crisis, Mr. Vollmer. We thought the enemy was Mr. Madoff. I think it’s you.”

Here’s the video. This one’s good.

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