Maybe state governments can jump start a defense against the looting of America by Wall Street?

Fairfield Greenwich Charged With Fraud in Madoff Case

Massachusetts securities regulators charged Fairfield Greenwich Group, a major feeder fund for Bernard Madoff, with fraud, saying the company breached its fiduciary duty to clients by failing to provide promised due diligence on its investments.

An administrative complaint filed on Wednesday by Secretary of the Commonwealth William F. Galvin alleges a "profound disparity between the due diligence that Fairfield represented to its investors that it would conduct with respect to Bernard L. Madoff Investment Securities and the due diligence it actually conducted."[...]