Registered: Nov 2007
08-29-12 08:48 PM
Quote from billyjoerob:
I think in most cases like this the DOJ or SEC or CFTC don't go through with the prosecution because it would make the regulators look bad. Why wasn't Lehman or the Lehman officers prosecuted? Because the regulators were on site, looking at the books, approving the shady deals. They would have to be implicated too. Likewise with MFG, the regulators are probably just as guilty of negligence as Corzine is of malfeasance. Nobody cares about his rinky dink campaign contributions.
Wake up - the "regulators" are only there to give you the impression of safety and to stop the small time scammers. When it comes to what is good for the big players the "regulators" don't do a damn thing. If you can't see that after watching the market for a few years you'd better stop trading.