[hristov]

No after the fact litigation is usually a bad idea because by that time most of the money is gone. You will only get part of your investment and then you will have to pay about half of what you get to the lawyers. And that is if you are lucky. In most securities fraud the money is usually all gone by the time they catch the bad guy.

Furthermore, if you have a couple of bad high profile thefts, that would poison the water for the honest companies too.

As in most cases prudent prevention is better than punishment.

And by the way Taibbi's right. Allowing people to lie on presentations is always a bad idea and will always result in people lying in presentations.