Re:Wirecard is 'beyond salvageable,' according to analyst
by hef19898 on Sunday June 28, 2020 @01:09PM
(#23670267)
Agree, with the exception of the last paragraph. SOX didn't kill NASDAQ or the Dow. And if an entrepreneur is only successful because regulations are lax, not enforced and his business is ignoring corporate governance, that business doesn't seem to have any justification to exist in the first place.
[ Parent
| on HN ]
Re:Wirecard is 'beyond salvageable,' according to analyst
by lifeisstillgood on Sunday June 28, 2020 @01:57PM
(#23670653)
Wow. I have really bought into a line sold to me subconsciously haven't I.
Yeah. Let's have proper regulation and policing.
Re:Wirecard is 'beyond salvageable,' according to analyst
by gwright on Sunday June 28, 2020 @03:25PM
(#23671355)
Your comment reads as if regulations are some binary thing, the nature of regulation is critical to any meaningful discussion. Regulations can be reasonable guards against harm (fraud, pollution, safety, etc.) and they can also be part of a defensive moat that protects existing businesses via otherwise unjustified restrictions and imposes a "tax" on economic activity that hurts everyone.
SOX isn't the be-all-and-end-all of financial regulations and my understanding is that there is considerable regulatory nonsense inside SOX. Doesn't mean that there aren't good parts just that that the details do matter.