from today's slate (http://slate.msn.com/id/2104541/ . something that should scare the hell out of us a whole lot more than worrying about alqaeda.

In the WSJ, a Page One story on the Securities and Exchange Commission explores its new role as global corporate watchdog, investigating foreign companies that have presences in the U.S. but are based in countries with weak regulatory authority. The article attributes this new internationalism to integration of financial markets, a broader mandate in the post-Enron era, and global cooperation during the investigations into possible insider trading by the 9/11 attackers. The piece, at one point detailing how the agency deftly handled the French legal system, doesn't fully explain the legal reasoning that allows them to cross borders.