When it comes to offering a façade of respectability by charging a high price for doing nothing, western investment banks and so-called professional advisers have few peers. With regulators themselves blinded by the big-name dazzle – and perhaps hoping for some future mega salary with one of them – ordinary investors who are supposed to be protected by regulators and professional advisers take the hit from frauds. The frauds are possible simply because the so-called professionals pass the buck of carrying out due diligence. Yet the likes of S&P, Moody's, UBS, Standard Chartered and auditors KPMG hide behind the small print in unreadable prospectuses.