"As a mutual fund shareholder, you wanted to believe there would be no more scandals, that the bad guys had been caught, would be punished and that the worst was over. You'd have been better off believing in the Tooth Fairy.
An agreement reached last week between former Putnam Investments top dog Lawrence Lasser and the U.S. Securities and Exchange Commission shows all too clearly why 'minor' scandals will keep happening in the business for years to come."
Sunday, January 14, 2007
Your Republican SEC
Slap on the wrist in fund scandal bodes ill for investors - MarketWatch: