NY Times: Months before MF Global crashed and burned, federal regulators attempted to restrain risky proprietary trading. But MF’s CEO, Jon Corzine, fought the changes and won. Well, he won then he lost, at least his employees and shareholders did (the 99%!) Federal regulators are like toothless watchdogs that run and hide when high-roller crooks growl “Don’t you know who I am?” And we need MORE gubbermint regs and enforcement people WHY? The ones we have are effing useless. Caveat emptor.
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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