I don't see any immediate evidence there were conflicts of interest here (happy to be proven wrong). I do see an astounding lack of any of the actual work an i

I don't see any immediate evidence there were conflicts of interest here (happy to be proven wrong). I do see an astounding lack of any of the actual work an investment manager should be doing. Such a huge degree of laziness that I think it should be criminal. People at these firms didn't just squander their client's cash (this wasn't money lost because not ever bet is a winner, it was basically given away). They actively assisted one of the worlds largest frauds. Arthur Anderson were basically destroyed because they enabled Enron. And Enron was a much subtler, more complex fraud. There are serious questions to be answered here IMHO.