“The Securities and Exchange Commission lost credibility when it emerged that a tipster had been trying to blow the whistle on Madoff for years but had been brushed off repeatedly. Since Madoff’s case came to light, the agency has announced a series of changes it hopes will improve enforcement, making it easier to detect and root out fraud before it approaches this massive scale.” (Washington Times, Monday)
How much government will it take to “root out” fraud?
FEE (Instant) Classic:
Regulation Will Stop Future Madoffs? It Just Ain’t So! by Chidem Kurdas