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How wasn't this blatantly securities fraud? That's already a crime. And they're already supposed to be accountable for that.
by onlyrealcuzzo 5y ago
How wasn't this blatantly securities fraud? That's already a crime. And they're already supposed to be accountable for that.
- jcranmer 5y agoAgain, securities fraud has a pesky knowingly requirement. To my understanding, in most cases, the sellers themselves believed the securities to be far less risky than they actually were.