LINK: Not being in any way an impartial observer on the question of KPMG possibly being indicted (my brother works for them, but not in southern NY), I wholeheartedly agree with Professor Bainbridge's thoughts (or allusions to other peoples' thoughts) on the topic. I mean, presumably not all regulation of the coroporate world is bad, but it does seem like the government is in position to dictate terms to any firm in a similar position to KPMG (because of the intense desire to avoid an indictment), which pretty clearly swings too far in the opposite direction. I'd almost lean towards saying that if there's widespread malfeasance, it should be the market that takes the firm down, not the government.
I see my movement to the right is proceeding nicely.
"Thou shalt not extinguish thine anger, but shall master it,
that thy conscience may not be blunted by adjustment
to wrong causes."
-The Dutch Ten Commandments to Foil the Nazis
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