What A Child Sexual Abuse Case Teaches Wall Street

January 14, 2010

The Street Sweeper by Bill Singer

We Need Better Financial Policing

[Y]ou pick the tragedy or calamity. You pick the organization we entrusted with our protection--be that the Congress, FBI, CIA, Securities and Exchange Commission or the Financial Industry Regulatory Authority. Frankly it just doesn't matter what you pick. The storyline is too similar. Public safety was sacrificed for turf. Who got the credit was deemed more important than getting the bad guy. Too many folks sleep-walked through critical jobs while those set on destroying our way of life worked overtime. . .

[C]onsider the recent story in which the Royal Canadian Mounted Police noticed in 2007 online images of a 6-year-old girl being sexually abused by an adult male. After transmitting those images to other law enforcement agencies the Toronto Police Services identified a blurry beer can and learned that it was manufactured in a handful of states in the northeastern U.S. . .

TO READ THE FULL ARTICLE, VISIT:
http://www.forbes.com/2010/01/13/singer-wall-street-madoff-intelligent-investing-regulation.html