The General Accounting Office put out a less-than flattering report on the SEC under Chris Cox, saying that basically, corporate malfeasance was pretty much, not that big of a deal.
I guess one could conclude that this is a fair report since the likes of Bernie "Let's Get a Rub and Tug" Madoff and Allen Stanford are popping up all over the place.
Blaming the Bush Administration is almost like a mantra these days. Its popularity will be around much longer than the Jonas Brothers. Just sayin...
Cox’s SEC Hindered Probes, Slowed Cases, Shrank Fines, GAO Says [Bloomberg via footnoted.org]
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Wednesday, May 6, 2009
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