Wednesday, April 28, 2010

Quote of the Day: Richard Epstein -- The Goldman Gaffe

In the end, we learn a lot from this latest SEC fiasco. The agency that cannot detect a Madoff fraud can conjure up a Goldman fraud out of thin air. At this point, some fundamental reform is in order. Forget the fancy stuff. Either the SEC should master its primary fraud prevention mission, or it should shut down altogether.
~Richard Epstein in Forbes
HT: Cafe Hayek

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