Free Republic

During the business segment at ten to the hour on NPR’s Monring Edition, they had a story that revealed that the Clinton SEC virtually stopped regulating the IPO market until late 1999. The private sector NASDAQ did not enforce their rules any better because both organizations saw a steady decline in IPO fraud, kickback and other white-collar crime enforcement since 1990 despite the skyrocketing number of IPOs during the Dot.com era. These two organizations were completey blind (or purposely blinded) to the behavior going on Wall Street at the time, the public is just now learning about some of the...