Staffing Shortages Fuel Agency Failures - Federal Eye -:
"The Securities and Exchange Commission is under fire for failing to catch the $50 billion fraud allegedly orchestrated by Bernard L. Madoff, and some at the organization blame staffing shortages for the lack of adequate oversight.
'The amount of resources available to the SEC has not kept pace with the rapid expansion in the securities market over the past few years,' SEC director of enforcement Linda Thomsen recently told the Senate Banking Committee."