Eric Norlin says “amen” to the truly perverse idea that victims of Wall Street con artists have only themselves to blame.
By that standard, no kind of fraud should be punished. After all, we all know that there are crooks lurking out there, ready to rip us off.
No one is saying that the greedy small investors who did no homework are blameless. But to suggest that we should let the business community do anything it wants, with no constraints, is a pretty dramatic departure from tradition — and I fear the result.
Capitalism has rules. Or does it? If not, good luck in sustaining vibrant capital markets.