"MF Global: Proof that the U.S. government is not able or...

"MF Global: Proof that the U.S. government is not able or willing to protect investors"

I would concede that "able" but not the "willing".

Financial regulation is an anathma in the United States, and is hampered at every turn largly by Congress rather than Treasury, the Fed, SEC or OCC.

What could the SEC have done to prevent the MF Global fraud? Should they have manned up every broker in the country?