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Friday, July 03, 2009

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But federal investigators were too busy chasing prostitutes to do anything.

As usual, relevant point, JSP.

Madoff was reported back in the late 90s (98?). This is what a "let's not regulate" philosophy gets you. Enron, Dot Com bubble, the mortgage crisis. Corporations are like gold fish. If you don't regulate, these greedy SOBs will find a way to eat themselves to death. Then cry about the medicine you make them take.

Always have to find a balance though. Too much regulation is just as bad as no regulation.

I couldn't get the link to work, but I think this is the article MSNBC linked to.

Damn, somebody was close to nabbing him yrs ago in the SEC. Too bad they set it aside.

Drew, I consider the truth relevant. What do you consider relevant....lies.

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