Tuesday, June 30, 2009

Bernard Madoff - regulation is the answer

I see Bernard Madoff has been sentenced to 150 years for stealing people's money. Good job.

But why didn't the powers at be regulate the industry by making it illegal to commit fraud or steal money? That would have stopped him.

Obama should act immediately by passing laws making this kind of carry on illegal.

1 comment:

WAKE UP said...

Nobody ever went broke underestimating people's greed or stupidity, both of which are almost impossible to legislate against.