Just how stupid is the SEC? This stupid. Who do you think benefits?

Here's the amazing 19-page letter that was sent to the SEC in November 2005 explaining why Bernard Madoff was a fraud and proved that he ran a Ponzi scheme.

November 2005.

What did the SEC do?

Nuthing.

And you're surprised AIG execs just got $160 million bonuses and there was noooooothing the Treasury could do?