In thereviewof the book “The Match King,” WSJ journalist, Chancellor, discusses how Bernie Madoff was not the first to commit fraud on Wall St (and will certainly not be the last!). The conclusion of his review echoes St. Paul’s view of the law and its inability to engender what it commands.

“Regulation can do little to prevent this state of affairs (financial villainy, etc.) from repeating itself. Regulatory agencies were created to protect the world against future Ivar Kreugers (the Match King/1932 Financial Villain). Yet the same agencies failed to heed warnings about Bernard Madoff. Policymakers are now calling for new rules that, they say, will prevent future crises. The tragic, timely story of “The Match King” suggests that this is wishful thinking.

From Romans 8:3- “For what the law was powerless to do in that it was weakened by the sinful nature, God did by sending his own Son in the likeness of sinful man to be a sin offering.”