Doesn't it always seem like it happens this way? In many areas of life we have rules and oversight in place to avoid a cataclysmic outcome, but what it really takes is for someone to get away with something. Something BIG. So, here we are again being reactive. Bernie Madoff got away with a huge scam for years, before finally being exposed in December. Today in the WSJ we learn that it took
fallout from the Madoff case to have the SEC increase its scrutiny of R. Allen Stanford and his own $8B fraud. Madoff. Cosmo. Forte. Nadel. Stanford. How many more of these
fraudsters will be exposed as the new harsher regulatory spotlight shines in the darkest corners of the financial markets?
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