CEO of the Parisian Family Office. Retired/Founder of CHIPPEWA PARTNERS, Native American Advisors, Inc., Registered Investment Advisor. White Earth Chippewa, educated conservative, raised on Indian reservations across Great Plains. Began Wall Street career in 1982. Always been, will always be, an optimist. Pureblood, clot-shot free. In a world on a dopamine binge, this is his take on life. Written at MT Ghost Ranch or Pamelot, TN farm or his winter camp in San Jose del Cabo, Mexico.
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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