New at Reason: Steve Chapman on the Madoff Scandal and the Empty Case for More Regulation

January 8, 2009

The call for more regulations, writes Steve Chapman, ignores some inconvenient facts. The first is that con artists will often outfox regulators. For example, if the SEC couldn't catch the brazen Bernard Madoff in eight tries, what suggests we should place greater faith in the ability of other agencies trying to monitor a vast network of financial companies?

Read all about it here.