Detailed text transcripts for TV channel - MSNBC - 20100302:04:31:00
Did due diligence, realized that madoff was not legit and stayed away. but still they didn't blow the whistle. they didn't tell anybody? >> when you live in a glass house you don't throw stones and self-regulation doesn't work and i think this case proved it. hundreds if not thousands of people knew and no one reported it to the s.e.c. except my team and maybe two or three other whistle blowers. that was it. >> weren't those other firms though also competing with madoff? wouldn't they have had a reason to try to get him out of the market? >> i'm sure all of them lost business to madoff. i know...