Assessing the Madoff Ponzi and the Need for Regulatory Reform

Monday, January 5, 2009, 2:00 p.m., 2128 Rayburn House Office Building
Full Committee

 Kanjorski Announces Hearing on Madoff’s Ponzi Scheme

Washington, DC – Congressman Paul E. Kanjorski (D-PA), the Chairman of the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, today announced that the House Financial Services Committee will meet on Monday, January 5, 2009, to assess the alleged $50 billion investment fraud engineered by Mr. Bernard L. Madoff that is now the subject of multiple investigations.  The hearing will help to guide the work of the Financial Services Committee in the 111th Congress in undertaking the most substantial rewrite of the laws governing the U.S. financial markets since the Great Depression.

Witness List & Prepared Testimony:

Panel 1

Panel 2

• Mr. Allan Goldstein, a retiree and investor with Bernard L. Madoff Investment Securities
• Ms. Tamar Frankel, Professor of Law and Michaels Faculty Research Scholar, Boston University School of Law
• Mr. Leon Metzger, adjunct faculty member at Columbia University, Cornell University, New York University, and Yale University

Available Member Statements: Chairman Kanjorski

Printed Hearing:
The printed version of this hearing will be posted as soon as it is available.

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