1)Is Sarbanes-Oxley enforced much? What is the evidence? 2) Why were there almost no criminal prosecutions of accounting fraud during the financial crisis (Lehman Brothers, Countrywide are examples)? 3)What is the revolving door between the SEC and the private sector? Why is it a problem? 4)Why didn't the SEC catch Madoff? 5)We know that people make big mistakes that impact innocent people

1)Is Sarbanes-Oxley enforced much? What is the evidence?

2) Why were there almost no criminal prosecutions of accounting fraud during the financial crisis (Lehman Brothers, Countrywide are examples)?

3)What is the revolving door between the SEC and the private sector? Why is it a problem?

4)Why didn't the SEC catch Madoff?

5)We know that people make big mistakes that impact innocent people. Hence, regulation is called for, but why is the regulation often not very efficiently implemented in the U.S.?

6)Why would Wall Street buy mortgages of people who had really bad credit and no down payment?

7)Why would Bond rating agencies rate these mortgage backed securities that were subprime as investment grade?

8)How does the prisoner's dilemma explain why banks would give loans to people who could not pay it back?

9)What happened with the reserve primary fund?

10)Explain Minsky's view that "Stability was Destabilizing"