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> There was rampant shadiness back in the day, including countless swindles perpetrated on the public, both related and unrelated to the tontine. Bribery of new
by warfangle 10y ago
> There was rampant shadiness back in the day, including countless swindles perpetrated on the public, both related and unrelated to the tontine. Bribery of newspapers and politicians was also routine, as was embezzlement and plain theft. Magazine exposés riled the public with stories of secret payments and secret blackmail of public officials.
And WaPo thinks our current financial industry can do better? Sounds a lot like NINJA loans and synthetic CDOs
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