CNBC Does Bernie Madoff

CNBC ran a one-hour program on the Madoff Scheme tonight that was full of victim interviews and enticing shots of luxury homes in Palm Beach and elsewhere. The show had a lot to say but it did not present any clues as to how just one guy could steal $50 billion from so many people over so many years all by himself. The report alluded to a revolving door between the SEC and Wall Street people that may have compromised any serious inquiry into Madoff's operations but it didn't dig further. Who else knew of and abetted this gigantic crime? Red flags were visible to some obervers ten years ago but they couldn't attract the attention of the responsible officials. How far does this rot go?