Scam Sniffing, Ball Busting Vigilantes Message Board

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Strategies & Market Trends : Scam Sniffing, Ball Busting Vigilantes

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To: Don Pueblo who started this subject	2/5/2002 8:20:15 AM
From: Baldur Fjvlnisson	Read Replies (2) of 292

About time those brain dead idiots admitted the obvious: Right from the horse's mouth: *The fact that the SEC didn't monitor Enron was just business as usual, former commission officials and other SEC watchers say. The agency relies mostly on private-sector accountants, investors and even the news media to bring serious problems to its attention. "The kind of digging that would have to have been done [to detect Enron's flaws] is not ordinarily undertaken by the SEC staff," said Arthur Levitt Jr., SEC chairman from 1993 to 2001. "The SEC doesn't do that. It can't do it."* latimes.com

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