Of course this comes as no surprise. During his two terms, Bush 43 has actively undermined government at every turn. I enjoy small govenment as much as any libertarian could, but I also value competence (at the very least) for the government we must have.
Heckuva job there, Georgie.
From the link:
Before his downfall in an alleged fraud that may end up costing investors $50 billion, Wall Street money manager Bernard L. Madoff circulated a promotional message extolling his service to clients.
“Customers know that Bernard Madoff has a personal interest in maintaining the unblemished record of value, fair-dealing and high ethical standards that has always been the firm’s hallmark,” Madoff proclaimed in a brochure designed to drum up more business.
The brochure called attention to the high-tech trading side of his business that was supposedly honestly run and legitimate, but it also offers a glimpse of why the Securities and Exchange Commission was unable to stop Madoff in his tracks despite repeated warnings.
As financial markets have grown increasingly complicated _ which was the case with this part of Madoff’s operation _ the SEC has struggled to keep up with the changes.
The circumstance of this relatively tiny bureaucracy _ 3,567 employees including clerical workers _ is that of an agency overwhelmed.
David Kirkpatrick 
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