[quote=Allan from Fallbrook][quote=briansd1]Do you really believe that an SEC lawsuit is just lip service?
A lawsuit consumes a lot of executive time and company resources, and can certainly bring down a company. Remember what happened to Anthur Anderson when it was found guilty?[/quote]
Brian: You might want to check the SEC’s track record on litigation before getting overly excited about this.
Also, there is a huge difference between civil fraud and criminal fraud, hence your comparison between Goldman and Andersen is inapt. The differences between Enron and Goldman are huge. Not defending Goldman, mind, simply pointing out the facts.[/quote]
1) SEC v Madoff. Oops
2) SEC v Mark Cuban… Oops
3) SEC v several companies accused of options backdating… Oops..
