Thanks for nothing SEC

In other words...IF they are prosecuted and IF they are convicted...

But they are NEVER prosecuted and therefore NEVER convicted.

This is insane.

Welcome to criminal finance 2012.

Maybe you will find this comforting.

The SEC has just enacted a new regulation
that sounds good...but changes nothing.

Financial regulation in the Age of Window
Dressing.

Video:

Government corruption A fix that fixes nothing

Ken McCarthy
Real Econ TV