Thought of the Day - You can't regulate moral behavior
I've spent a fair share of my life around the finances of large companies and the people accountable for them. Stories like this one about a company in India that has been making up their financial statements for years illustrate why I am a bit cynical when it comes to solutions that depend on regulatory oversight.
Related to this and I heard some gov't official (sorry, can't remember who) on NPR the other day saying he wants to find out who is in charge of oversight of financial industry so he can tell them that they suck at their job. This is related to the Bernie Madoff fraud. That's actually the kind of person I want representing me in government.