Your Quarterly Source for Ethics and Compliance News	A product of
	In This Issue: Issue No. 2Q 2009 INSIGHTS: Restoring Honor on Wall Street NEWS: Accounting Oversight Board Chairman Resigns COURSE SPOTLIGHT: Communications and Trust: Essential Ingredients in Ethics BOOK PICK: Busted: Life Inside the Great Mortgage Meltdown    Insights Restoring Honor on Wall Street Steve Henn, President of SmartPros Legal & Ethics examines fiduciary accountability and the current economic crisis through the lens of a recent Wall Street Journal essay by John C. Bogle. General Counsel as CCEO? Not an Obvious Answer Whether the general counsel (GC) should also serve as the chief compliance and ethics officer (CCEO) has been a very hot topic on the Society of Corporate Compliance & Ethics' Social Network. Read the related article from the June 2009 issue of Compliance and Ethics Magazine, featuring SmartPros' own ethics officer, Catherine Finamore Henry. Capitalism and the Cheating Ethic By Steven Malanga, RealClearMarkets The further we get from the housing bubble that helped to prompt our current financial meltdown, the less we seem bothered by the decline in trustworthiness and the rise in cheating that fueled the irrational exuberance of the home mortgage market.     In the News Accounting Oversight Board Chairman Resigns Mark W. Olson, the head of the independent board that oversees the accounting industry, said Monday he will resign for personal reasons more than a year before his term is set to expire. Also in the News: SEC Charges Ex-Countrywide CEO Mozilo with Fraud Jury in Michigan Sides with SEC in Kmart Case Three-Quarters of Survey Participants Report Increased Concern over Violating Anti-bribery Law Tracking Down Fraud Is Now in Demand Harvard Biz Grads Give Ethics Pledge    Course Spotlight NEW CPE IN FMN ONLINE Communications and Trust: Essential Ingredients in Ethics Course #FMN826-FM; 2 CPE CREDITS The stakes can be very high whenever companies communicate with their workforce about complex issues, such as setting and complying with ethical standards. Ethics expert Stephen Henn discusses the potentially devastating, and very costly consequences of the failure to clearly articulate and reinforce these principles and practices throughout your organization.    Book Pick Busted: Life Inside the Great Mortgage Meltdown In Busted: Life Inside the Great Mortgage Meltdown, reporter Edmund Andrews writes of his own experience inside the mortgage crisis. Unlike books by analysts and historians, Andrews put a face on the fallout as he bravely chronicles buying a house he couldn’t afford and facing foreclosure as a result. Read the NPR interview with Edmund Andrews.