Bernard Madoff Case

I watched a video on Bernard Madoff and the case against him and his firm. I have heard about Madoff but didn't know much of the story in detail. The video was very interesting and I learned a lot from it. I feel that all parties involved, Madoff, his firm, his employees, clients and even SEC contributed to this situation. Madoff was a dishonest businessman. His employees and entire firm were conducting business in such way that they only cared about their part of the cut. They had acted the way they did out of greed. Clients knew that the way Madoff was doing business was not the right way and they even knew why he was running business that way. However they didn’t feel obligated to report this to authorities just because they were under the impression that they were making their money. Even SEC should be accounted responsible as they didn’t investigate Madoff on time and even when they initially did they did a poor job. It also felt to me that SEC agents were not comfortable going after a reputed and respected person in Wall Street such as Madoff.