PNC, page-63

I am new to this company. I noticed that you have talked about this for a year. I am not try to disagree with you, instead just have some common sense questions. If as you said this is a ponzi style operation. I wonder why regulator hasn't done anything up to now given the tightening  regulatory environment since GFC and why AFReview hasn't done any report on this as they did on BIG. and KJ openly discusses this question along the way. I understand that fair value method is not an illegal method, as long as you use consistently.  Thanks for your reply.