SEC head testifying ...using Condi's excuse.." No one could have envisioned..."

[dixiegrrrrl]

Mary Shapiro has been under fire for years for doing nothing, now she is testifying why she did nothing.
Note: It is not her fault, of course, in any way.

edit to add more as testimony continues:
US Dept. of Justice guy just said " We defer to the SEC for direction on what to investigate".
( And the SEC of course did no investigation).