Madoff Vick News Today : Breaking News, Live Updates & Top Stories | Vimarsana

[captions copyright national cable satellite corp. 2009] >> tonight on c-span, a house hearing bern about the bernie madoff scheme. rep parker creek it decides to change parties. finally, the report from the annual meeting of the gulf cooperation council. >> the proposal to protect security proposals. the group responsible for recovering money from investors. -- money for investors. >> this hearing of the subcommittee on capital markets will come to order. i ask unanimous consent that permission be granted to anybody who is a non member of the subcommittee who is present today to sit...

i remind you that this is the largest ponzi scheme in history and most of the trustee's and legal fees' efforts are for the purpose of recovering assets. in terms of the legislative initiatives that are before you, sipc has proposed a number of amendments to sipc and these include increasing the amount for cash to $16,000 and to index that dollar figure to inflation by a specific formula. . . wh it 1970 to $2.5 billion. we would increase the number of cases where sipc can use a streamlined procedure. and i would suggest to you that the members of this morning's panel should agree wit...