Here is Bernard Madoff, the former chairman of the NASDAQ stock exchange, talking about how in today's regulatory environment it is virtually impossible to violate any rules. He even talks about how violation of rules cannot go undetected over a long period of time. As it turns out, time did catch up with him. He is currently under house arrest waiting to be charged for violating some of the same rules that he said were virtually impossible to violate.
If only he had applied his thinking in the video to real life, we would not be talking about Bernard Madoff and associating him with the largest investor fraud ever perpetrated.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment