Why?

Why is it the most powerful nation can't stop such a rip-off? Why is it one of the most technologically advanced nations can't smell a rat? Why did people look the other way? One answer for all: capitalism. It doesn't include checks and balances...it's all about maximizing profit.

What about socialism?

http://www.nytimes.com/2008/12/17/business/17madoff.html?ref=business