The difference between the craftiness of criminals and the perspicacity of the regulators
This used tp be about the details of Enron, Mahonia and JP Morgan.
Strangely, all other links to the article, which originally was on reuters.com, have been removed.
In the article, a regulator was quoted as saying the malfeasance was an "incredibly complex artifice."
Out of context, at least, it made them sound real dumb.