Hundreds of billions is tiny compared to what's at risk this time. I witnessed massive fraud in the dot-com bubble. Very little went punished. I have no idea

Hundreds of billions is tiny compared to what's at risk this time. I witnessed massive fraud in the dot-com bubble. Very little went punished. I have no idea what the new regulations need to look like. But they need to have real teeth and need a reasonable sized army of experts overseeing the regulations. The SEC of the last 10 years was woefully understaffed to deal with our financial industry's activity.