Bernie Madoff was active in the NASD (securities industry regulatory(!) organization) and served as chairman of the board and on the board of governors of the NASD. All the while he was perpetrating one of the biggest Wall Street frauds of all times. Oh, and he's a Democrat.
Now we hear that MF Global has filed for bankruptcy and that millions of dollars have mysteriously gone missing there. Jon Corzine runs that. He once ran Goldman Sachs before becoming a US Senator and then NJ governor. There don't appear to be any charges against him so far but this is fishy at best. Another Wall Street insider. Oh, and he's a Democrat too.
So much for the Democratic myth that only Republicans are associated with the immoral, unprincipled and illegal things going on in Wall Street. Someone ought to ask the Occupy Wall Street protesters what they think of this.
I think it's time we all took a deep breath and stopped the nonsense partisan rock-throwing. There's plenty of blame to go around. One thing is abundandantly clear. Democrats are on pretty thin ice trying to claim it's only Republicans who are criminally involved in Wall Street excesses.
So if neither party has clean hands, whom do we get to bring sanity and principles to Wall Street? How rational is it to expect it'll get fixed any time soon?
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