Kasz216 said:
Because A) MF Global is how the system should work? A company takes on too many risky investments, therefore it fails? What are you suggesting Wall Street should be devoid of all risk? If your talking about the missing funds transfered to try and cover their own debt. That was already illegal. So I don't really see your point. B) Congressional insider trading isn't wall street. It's Congress. If anyone on Wallstreet did what congress people did their looking at a 10 year sentence or more.
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At LEAST half a billion dollars has gone missing. This is beyond risky investments, it is out and outright fraud (aka, Corzine would go to jail). This level of fraud in Wall Street is larger than people would think. It goes beyond merely taking excesss risks, to outright theft. Do I need to go and hunt more?
Here:
Koch brothers getting tip off from MF Global, and moved money:
http://www.huffingtonpost.com/daniel-dicker/the-koch-brothers-and-mf-_b_1089906.html
Robo-signings:
http://www.msnbc.msn.com/id/44365184/ns/business-real_estate/t/robo-signing-scandal-may-date-back-late-s/
http://en.wikipedia.org/wiki/2010_United_States_foreclosure_crisis#Robo-signing_controversy
And more:
http://publicintelligence.net/banks-dont-make-promises/
And more:
http://www.rollingstone.com/politics/news/why-isnt-wall-street-in-jail-20110216
In regards to congress and the scandal, there is also not just insider trading, but also sweetheart deals on IPO offerings and other things.
Again, you will say there is NO reason to end up staging protests against Wall Street, when fraud after fraud after fraud happens there?
