If Cox and the SEC Were Private, Would They Be Found Negligent and Liable?
SEC Chief, Christopher Cox has admitted that the SEC was negligent in its failure to follow up on reports about Madoff's ponzi scheme as early as 1999. The apparent extent of their negligence raises the question of whether government officials face sufficient down-side incentives when they are negligent.
December 17 2008, 7:16am | Original Link »
Your favourite external commenting service goes here! I recommend http://www.disqus.com
