Can someone explain to me why everyone wasn’t fired?

SEC lackey (anytime 2000-2008):  “People are saying Madoff is running a Ponzi Scheme and apparently have proof… oh, you talked to Bern? and he said he isn’t?  Alright, never mind then.”

And more importantly, why doesn’t the torch bearing, general public seem to care?  People are all worked up over banker bonuses, regulation, John Mayer’s racism, and yet don’t seem to mind that the SEC completely shit the bed here.  Their level of negligence had to be criminal.

SEC’s mission statement:

“….protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.”

FAIL.

Someone needs to be canned.  As an ironic aside, why does everyone want more regulation?  We have plenty, but those in charge of regulating (SEC monkies) are too stupid to be much of a help.