Bloggus Vox Politico: SEC

Showing posts with label SEC. Show all posts

22 April, 2010

PR0Nzi Scheme

So that's why the SEC failed to bust Madoff. They were too, ahem, "busy."

Power

"The disposition of mankind, whether as rulers or as fellow-citizens, to impose their own opinions and inclinations as a rule of conduct on others, is so energetically supported by some of the best and by some of the worst feelings incident to human nature, that it is hardly ever kept under restraint by anything but want of power; and as the power is not declining, but growing, unless a strong barrier of moral conviction can be raised against the mischief, we must expect, in the present circumstances of the world, to see it increase."
John Stuart Mill, On Liberty, 1859