Quote Originally Posted by fastupslowdown View Post
I would disagree with the order. Not to minimize cops on the beat and a strong regulatory environment it starts with good internal controls. Even with the laws we have, the company broke some . This will be prosecuted.

On a side note, we had our Minsky moment with Crypto
Yeah, sure, the lack of internal control, at least the legal sort, was nothing short of spectacular. I'm not sure if I would characterise the board as cops. The corporate governance, including the board, is a framework for self-regulation.

I wouldn't be surprised if some LPs sue their GPs for negligence or worse. I suspect that this story may have a long tail.