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Mike MacPhail and Bruce Carton discuss the impact of the SEC’s first Reg G case.
The WSJ reports in this video that the Bernie Madoff scandal is a good thing to the extent that it reinforces that “nobody beats the market.”
Charlie Gasparino has an interesting report on CNBC this morning saying that Madoff’s too-smooth returns over too-long a period have been known for some time. He also says that the amount in question truly is $50 billion.
The WSJ has an interesting video about the boom in litigation outsourcing to places like India that has resulted from the financial crisis:
Liz Claman of Fox Business News borrows Dennis Kozlowski from his cell at the Midstate Correctional Facility for a four-part video series that looks at Kozlowski’s take on the denial of the appeal of his conviction, the current economic crisis, how his conduct compares to that of others, and so on. Part I is below, […]
The WSJ’s Dennis Berman revisits Enron, once thought to be “the scandal to end all scandals.” Looking at the current financial crisis, he says it appears that no lessons were learned from Enron’s downfall.
Lynn Turner, former chief accountant of the SEC, testified before Congress yesterday concerning the “systematic gutting” of the SEC’s capabilities through the cutting back of staff, including the surprising revelation that the SEC’s Office of Risk Assessment dwindled down to just one person in February 2008. The relevant portion of Mr. Turner’s testimony begins at […]
You know it has been a brutal period for the SEC when there have been not one but two major network video news reports in the last two weeks entitled, “Where Was the SEC” — on different topics! The latest one from ABC News, on the Aguirre/Pequot Capital story, is below. The prior one from […]