You don't think all these high profile,power players who lost money while investing with madoff are losing everything. Do you??? Naw! SIPC is actually stepping up to the plate!! (someone in SIPC must have been an investor also) Evidently, SIPC protects you from ponzi schemes! Hmmmmm, wonder if they will cover my losses at the race track? SIPC was created to protect people cheated by a brokerage firm not a ponzi scheme. I smell something fishy, again.