4 Comments

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

Just ask Countrywide how well Sarbanes-Oxley works.

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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.

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

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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.

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