jester121
Premium
join:2003-08-09
Lake Zurich, IL
 ·surpasshosting
 ·ViaTalk
| Re: Regulator demands for info increases costs Correct. Enron and the rest found loopholes in the existing mountains of regulations and used them to gain illicit profits. More regulation = more loopholes.
Case in point -- why weren't the CEOs of Fanny Mae and Freddie Mac marched into a courthouse in front of the cameras, under arrest for being dishonest about the health of their companies? Isn't that what SOx was supposed to prevent? Billions were lost (except by the execs) yet there's been no public outrage, no death threats like Enron executives received, and no one had their character smeared in the press.
Strange.... |
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