4 ms·
> yet you hear stories about the Maddoff's of the world running 30 year schemes which very much hit 'sophisticated' investors. Proving that the scam artists wi
by sageikosa 13y ago
> yet you hear stories about the Maddoff's of the world running 30 year schemes which very much hit 'sophisticated' investors.
Proving that the scam artists will find a way no matter what the regulations say.
- qdog 13y agoRegulations aren't binary. Some good, some bad, but not binary.
- lmm 13y agoBut thanks to the regulations Madoff only hit people who could afford to lose it, not those for whom who losing the money would force them onto the streets.
- sageikosa 13y agoThanks to the regulations, there were suckers who assumed that someone else was ensuring things were copacetic. Foxes hunt in the chicken coop if one is available, and wolves go for the sheep pen if they can find one.