I still have some faith in the judicial system which is the reason for the "ifs". Like I said, I don't think anyone expected any 25 year sentences for anyone found guilty of white collar fraud until Enron, but the people with the power to make it so decided enough was enough already. They realized that a lot more American voters were not only aware of the then well known fact that white collar crime did pay, but that they were getting sick and tired that such an outrageous double standard was still alive and well in a country that was supposed to be "the leading example of the democratic free world", not the bunch of capitalist crooks that so many accuse them of being. I believe the effect may have deterred a great many from similar activity, though they will never stop all attempts, as some always believe that they will be smarter than the ones that were caught or they just want to go down as one of the greats like Bernie Madoff. So basically, I truly believe a hell of a lot more can be done. Check out the history of the market. Shorting was made illegal once they got Joe Kennedy and crew in a corner and started squeezing. They brought it back as some felt, and still feel, that it's good for the market. Maybe so, but not unregulated. Big shot genius investors just ever so recently demonstrated why they need more, not less, regulation. Cost us dearly when they were given to much freedom, didn't they?
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