Omg…
Do you actually think there is a federal “watchdog” who have any clue of this?
Now…with a clown show going that has steadily gotten worse for decades?
You know how the regs are written and enforced…by those that fall under them. It’s not a shield for a public anymore and hasn’t been for a long times. 1997 is a great historical pivot point…but there are many others.
It’s more of the Wild West in financial dealings now than in the actual Wild West.
We believe we are guarded in finance because we NEED to think that in order to participate in it. But we’re not shielded. Our greatest protection now is greed builds greed…aka they don’t WANT to bankrupt
But lie, cheat and steal short of that is totally on the table.
we gotta stop with this “they can’t lie” stuff. Not word for word…but twist, disguise and omit is 100% in the tool kit. Plausible deniability.
This goes to that “they said they’re gonna spend $60 billion!!!!

”
…yeah…they just left the “how, why, when and escape clauses” out of it. Really gonna be a lot of disappointment. Especially without a complete management rollover. They’re like dogs…same tactics each day. No need for change