Column: Harry Markopolos, SEC Chairman?

Author: David Weidner, Wall Street Journal


Mar 11, 2010

"Harry Markopolos is finally taking his victory lap. Out hustling a new book about his nearly decade-long pursuit of Bernie Madoff, he's been on a whirlwind media tour: CNBC, MSNBC and The Daily Show with Jon Stewart.

Mr. Markopolos finally seems relaxed and at peace. Mr. Madoff is in jail. The Feds are closing in on his accomplices. Mr. Markopolos clearly is having some fun. After being ignored for so long, he's finally the center of attention-on his terms.

But even with his crusade against Mr. Madoff behind him, part of Mr. Markopolos, 53 years old, is still burning. He says the Securities and Exchange Commission, which rebuffed him for so many years, is improving under its new chairman, Mary Schapiro, but largely remains broken. Investors, for the most part, are still unprotected, Mr. Markopolos said."

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In December 2009, nearly three and a half million Americans, or 23 percent of the unemployed, had been jobless for a year or longer.

Source: Pew calculation using data from the Current Population Survey, December 2009. www.census.gov/cps