What’s worse: to be persecuted and indicted for trying to expose an act of wrongdoing — or to be ignored for doing so? Harry Markopolos, a financial analyst who repeatedly tried to warn the SEC about Bernard Madoff’s Ponzi scheme — and who, like Leyla Wydler, was persistently ignored — has said [Dodd-Frank] “reads as if it were a wish list from those who once designed the Enron, Madoff, Global Crossing, Stanford, and WorldCom frauds.” Evidently, that only proved an incentive for the House Subcommittee on Capital Markets to approve Grimm’s measure in December 2011, on a party-line vote, which means it could now be tacked onto some must-pass piece of legislation and enacted. More on the Huffington Post here.
