Why do you think the SEC will go down? The SEC has complete deniability, unless there's smoking-gun bribery or something. Whoever audited twitter could go down with them, though.
Like Enron, and their consulting firm (Anderson?). Or the Savings & Loan scandal of the 90's, or the mortgage crisis, where the regulators knew it all, often incentivized the problems, and didn't suffer at all.
Yep. I’m thinking about Moody’s never getting in any trouble at all for rating those worthless bundled mortgages as A+. They’re still in business, happy as can be.
Why do you think the SEC will go down? The SEC has complete deniability, unless there's smoking-gun bribery or something. Whoever audited twitter could go down with them, though.
Like Enron, and their consulting firm (Anderson?). Or the Savings & Loan scandal of the 90's, or the mortgage crisis, where the regulators knew it all, often incentivized the problems, and didn't suffer at all.
Great point
Yep. I’m thinking about Moody’s never getting in any trouble at all for rating those worthless bundled mortgages as A+. They’re still in business, happy as can be.