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A False Sense of Security

By John Stossel - January 14, 2009

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The $50-billion investment scam allegedly pulled off by Wall Street insider Bernard Madoff has ignited predictable calls for more regulation. The "massive fraud ... was made possible in part because the regulators who were assigned to oversee Wall Street dropped the ball," said President-elect Obama. "This scandal underscores the need for a 21st century regulatory...

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John Stossel

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