February 15, 2009

you are not alone

Good news and bad news. Family and friends are appalled and frustrated about the greed, arrogance, and amoral behavior that is rampant. I'm not alone.

David Einhorn writes about similar concerns.
I care that the SEC and other regulators seem to have stopped enforcing laws against corporate malfeasance. I care that company officials can lie with impunity on public conference calls. And I have been appalled that the government officials overseeing the lending programs that Allied has defrauded are so indifferent and unwilling to act even when presented with clear evidence of abuse. The overall lack of law enforcement is startling.

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