Parisian Family Office, CEO. Began Wall Street, 1982. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Active Trader. White Earth Chippewa Tribal member. Was NYSE/FINRA arb. Conservative, raised on Great Plains reservations. Pureblood, clot-shot free. In a world elevated on a dopamine binge, this is his take! Written from MT Ghost Ranch on the Yellowstone River, TN farm Pamelot or San Jose del Cabo, Mexico, CASA TULE'. Always been, will always be, an optimist.
Wednesday, November 13, 2013
Fairness and Justice in Vietnam, why not in the US?
The lack of prosecution of bankers responsible for the great financial
collapse has been a hotly debated topic over the years, leading to the coinage
of such terms as "Too Big To Prosecute", the termination of at least
one corrupt DOJ official, the revelation that Eric Holder is the most useless
Attorney General in history, and even members of the judicial bashing other
members of the judicial such as in last night's essay by district judge Jed
Rakoff. And naturally, the lack of incentives that punish cheating and fraud, is
one of the main reasons why such fraud will not only continue but get bigger and
bigger, until once again, the entire system crashes under the weight of all the
corruption and all the Fed-driven malinvestment. But what can be done? In this
case, Vietnam may have just shown America the way - use the death
penalty on convicted embezzling bankers. Because if one wants to
promptly stop an end to financial crime, there is nothing quite like the fear of
death to halt it.
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