> The 2008-2009 housing and economic crisis had effectively no prosecutions that came to fruition. Because it was not a crime at that point to bet against comm

> The 2008-2009 housing and economic crisis had effectively no prosecutions that came to fruition. Because it was not a crime at that point to bet against common sense. > Bury things in sufficient complexity, and it's easy to get away with it. Yes, but that's why there's the whole system of independent government institutions, staffed by specialists, and they are supposed to understand the complex aspects of economy/society, recommend specific actions, warn legislators, publish summary statistics, ask for better tools, etc. And as is tradition these institutions are themselves used as political tools, are suffering from regulatory capture, are underfunded, and ineffective. Just as the SEC was "asleep" the FDA/FTC was too. *But* it's very important to not forget that, even though everyone wants magically better institutions, just making laws stricter and other "brute force" solutions don't lead to better institutions, they lead to more government control over society, which is rarely a net positive. . . . > I just wish we'd see the same reckoning for other fraudsters who are bit better in hiding their malfeasances. Yeah, but that's mostly consumer protection. Which is soooo laughably missing nowadays. Amazon gets away with filling the planet with junk. People already don't want to spend effort on safety if it would come at the cost of some individualism.