4 Comments
Jun 13, 2022·edited Jun 13, 2022

The SEC protects investment companies, public companies, lawyers and accountants so they can fleece the public.

Just ask Countrywide how well Sarbanes-Oxley works.

Expand full comment

Markopolos was an odd bird and his attempts to communicate with the SEC failed in part due to his unusual style. Perfectly correct but ineffective.

Expand full comment

Others were paying attention and refused to deal with him, sometimes with career-changing effects.

Expand full comment

So basically, Markopolos hollered "Wolf!" at the top of his lungs for eight years, and no one paid any attention til they realized the sheep were all gone. Whatever.

Expand full comment