4 ms·
The SEC has already failed miserably once in this exact role. What reason do we have to believe that even a fully-funded, well-staffed SEC could get the necessa
by _iyig 7y ago
The SEC has already failed miserably once in this exact role. What reason do we have to believe that even a fully-funded, well-staffed SEC could get the necessary _accurate_ figures out of China, and Chinese companies, to adequately perform this duty? Many Chinese companies have grossly exaggerated assets and earnings to the SEC before.
https://en.wikipedia.org/wiki/The_China_Hustle https://en.wikipedia.org/wiki/The_China_Hustle