Being cowed by the one you are investigating, and therefore missing all the red flags was "a failure that we continue to regret" said the chairwomen of the agency, Mary L. Schapiro. Indeed, one of the staff lawyers received the highest performance rating from the S.E.C., for her "ability to understand and analyze the complex issues of the Madoff investigation." And lastly, the THEN chairman Christopher Cox said "he was gravely concerned" over the regulatory ineptitude.

But not to worry. I understand that some of those very employees of the S.E.C. have their resumes out for new employment.

Cheney is looking at the "unnamed staff lawyer" to represent him in the ongoing investigation of the CIA abuses that he condoned in the "war against terrorism."

The "investigators" are being seriously considered as very viable candidates at FEMA. They will be responsible for the analysis and recommendations vis a vis Hurricane and Earthquake calamities.

Lastly, the S.E.C. is receiving a steady stream of new applicants.These resumes will be reviewed by a committee. Who is heading up this committee is still being decided. I understand those under consideration are George W, The Three Stooges, and the team that recommended Sarah Palin as McCain's running mate.