Comment: In his defense (as if he needs me to defend him), he trounces

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In his defense (as if he needs me to defend him), he trounces

In his defense (as if he needs me to defend him), he regularyl trounces the current batch of regulators as co-opted, consciously ineffective criminal scum. Folks came to know the name "Mary Shapiro" after Matt wrote how all the crimes in finance were only possible because Shapiro allowed them to happen. And now she's got a fat job at a big consulting firm that finds big money jobs at banks and financial lobbying firms for former financial regulators and financial investigators. Surprise!

It would be nice to have fewer regulations (since most financial crimes get hidden the tangle of incomprehensible regs) but REAL enforcement!

I guarantee the entire class of bankers and financial officers, tens of thousands of them, can be successfully prosecuted and imprisoned on one of the oldest law in our books: fraud. The simple misrepresentation of a product.

But try to find a prosecutor who has not been bought by the criminals!

"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"