Love this detail: "In 2001, following the accounting scandals at Enron and other companies, a publication called CFO Magazine quietly abandoned its annual Excellence Awards, because winners from each of the previous three years had gone to prison."
Obviously 2008 brought many examples of risk not being properly accounted for but that's mostly something different.
"Since the turn of the millennium, the prosecution of white-collar crime has plummeted—but this should not imply a surge in moralism among our leading capitalists. After the attacks of September 11th, the F.B.I. began to shift resources toward counterterrorism. Meanwhile, Republican lawmakers cut the budget of the Internal Revenue Service so sharply that it had the same number of special agents in 2017 as it had half a century earlier, even though the national population has grown by two-thirds."
This couldn't be right, but I heard at one time, it was down to eight employees, and two room in a federal building's basement.
Just throw it into a pumped up stock market, and watch the money flow in?
It's basically only the wealthy whom have access to that free money though.
The poor are screwed as usual. I still miss my 5% cd rates.