#066 Bethany McLean On The Rise Of Legal Fraud
The Julia La Roche Show
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The Law of Unintended Consequences
I think one key lesson is that the world of business continues to be crazier than ever before. It's actually instructive to compare George Bush's speech when he signed Sarbanes Oxley into law and President Obama's speech on Dodd-Frank because they're remarkably similar. Part of that is that regulations are inherently backward looking. They fix yesterday's problems and sometimes they don't even do that. Sometimes they have unintended consequences. Even if Dodd-Frank did fix the financial system, it certainly didn't prevent investors and crypto from getting completely suckered by Silicon Valley Bank. But so I think that's that lesson that anything can happen and that regulators, even when they're well-intention
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