Tuesday, January 10, 2012

The Neverending MF Global Story: Regulators Block The Truth

This is an example of "crime not paying."  Or more correctly, if you're going to steal, steal big.  Don't rob a liquor store at gun point--that'll get you 25 years in the pokey.  Steal from unsuspecting depositors to the tune of billions, because the zombie masses won't believe a theft can be that big, and you can use your money and influence to buy off regulators to not only look the other way, but to protect you after you've been "caught."  They'll chalk it off as a "misunderstanding."  You'll walk.

Oh, and it helps if you are the President's and Vice President's top Wall Street fund raiser and adviser.  This is government regulation at its worst.


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