Wall Street Demands Deregulation of Egos. Failure Made Me Do It (and The Devil Too).

Jul 13, 2012 20:04

If You Cant Succeed, Just Cheat! The Wall Street Way.

With ego too big to fail, Iowa broker admits 20-year fraud

(Reuters) - Russell Wasendorf Sr, arrested on Friday, confessed to a 20-year fraud at his now-bankrupt Iowa brokerage, saying business troubles and his "big" ego left him no choice: "So I cheated."

In the dramatic conclusion to a week-long ( Read more... )

fail, capitalism fuck yeah, eat the rich, capitalism, corporations, economics, wall street, fraud, ethics, economy, photoshop disasters, deregulation, bankruptcy, banking, justice, evil, corruption, people suck, crime, fuck this guy

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Comments 3

mandrill July 14 2012, 17:42:02 UTC
Why didn't he just borrow the needed capital from his parents? (like Mitt Romney suggested).

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romp July 14 2012, 17:55:34 UTC
I wonder how many people are surprised. The point is to profit, right? He did that.

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aviv_b July 14 2012, 20:04:31 UTC
But...but...we don't need more stinkin' regulations. They hurt the crooks job creators.

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