Securities and Exchange Commission Under Scrutiny

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Committee Chair Sen. Carl Levin (D-MI) and ranking member Sen. Tom Coburn (R-OK) listen to testimony from Lloyd Blankfein, chairman and  CEO of The Goldman Sachs Group, on April 27, 2010
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After the financial meltdown of 2008 people looked to the Securities and Exchange Commission to use its regulatory powers to get to the bottom of the crisis and possibly craft suitable punishments to prevent the same mistakes in the future. Regulation is supposed to discourage not reward bad decisions. But an analysis conducted by our partner The New York Times shows the agency has repeatedly allowed the biggest firms to avoid punishments.

Joining the program is Louise Story investigative reporter for our partner The New York Times.