60 Minutes Season 7 Episode 21

SEC Ignoring Fraud; Mexico's War; The Republican Obama

The Bernard Madoff rip-off involved thousands of victims and billions of dollars. Why does Harry Markopolos claim that the SEC (Security Exchange Commission) wouldn't know fraud if it was handed to them? Steve Kroft reports on how the contention is that the SEC personnel reportedly watching out for this aren't experienced enough to see it. In our second story, CNN's Anderson Cooper reports about the ongoing and growing war involving Mexican gangs and drugs. With most of their weapons coming from the U.S. and more than 6,000 deaths in the last couple of years, it may be time to notice and do something about it. Finally, Morley Safer with Republican Governor of Louisianna, Bobby Jindal. The son of Indian immigrants, at just 37 years old, is he a future contender for the presidency?