Q: In relation to the Bernie Madoff scandal, would U.S. finance regulations have had more chance of identifying the specified fraud if section 2 and section 4 of the US Corporate Governance Act had been enacted ahead of 2006, notwithstanding the proposed amendments by the United States Securities And Exchange Commission?
A: in the big picture, it really wouldn't have made a difference. bernie madoff was just one of many, many, many people, engaging in very typical and normal behavior: trying to get and keep as much money as possible, using any means necessary.