Look at some of the targets these people had. They don't carry any weight anymore.

Anybody who had stepped up to the plate is stepping away. Clearly the bottom hasn't been found yet.

I hope these people go to jail.

No one was being rewarded for taking risk.

This was the most anticipated SEC investigation in the history of the free world.

Investors are discounting the bad news. They are more concerned about the macroeconomic picture at hand.