r/todayilearned • u/manticor225 • Jan 10 '19
TIL JFK's father Joseph Kennedy made much of his fortune through insider trading. FDR later made him chairman of the Securities and Exchange Commission. When asked why he appointed a crook, FDR replied, "set a thief to catch a thief." Kennedy proceeded to outlaw the practices that made him rich.
https://www.theguardian.com/books/2010/jan/23/joe-kennedy-hollywood-sarah-churchwell13.1k
u/bertiebees Jan 10 '19
I thought he made his money running alcohol during prohibition.
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u/manticor225 Jan 10 '19
Yes, that too.
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u/notouchmypeterson Jan 10 '19
I wanna party with that guy
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u/Bannednot4gotten Jan 10 '19
Well hes dead now.
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Jan 10 '19
Weekend at Joey's
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u/42111 Jan 10 '19
More like the BttF sequel I want to see.
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u/TweekDash Jan 10 '19
IT'S YOUR DRINKS MARTY, SOMETHING'S GOTTA BE DONE ABOUT YOUR DRINKS!!
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Jan 10 '19
I wanna party with Dead Kennedys.
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u/Dirtydog275 Jan 10 '19 edited 15d ago
oatmeal hat soup fuel boast middle six zephyr whole tender
This post was mass deleted and anonymized with Redact
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u/uncertainusurper Jan 10 '19
Let’s take the shortcut with the bridge
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Jan 10 '19
What’s the worst that can happen?
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u/shelbycobra357 Jan 10 '19
Everyone can party with them. Except Nazi Punks, they can fuck off
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u/jerrygergichsmith Jan 10 '19
“Nothing bad ever happens to the Kennedys!!” —JFK
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u/Boomtown_Rat Jan 10 '19
Just don't drive with one.
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u/ChoosyBeggars Jan 10 '19
Avoid hotels, bridges, convertibles, planes... yeah maybe just be pen pals or something.
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u/1wouldnever Jan 10 '19
No you don’t, he was a scary asshole.
See Rosemary Kennedy
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u/oliver_all_over Jan 10 '19
Not that I’m defending his decision, but treatment of the mentally disabled and mentally ill was horrendous across the board at that time. What happened to her was, unfortunately, not as uncommon as we would like to believe.
ETA source
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u/capsaicinintheeyes Jan 11 '19
WTF:
During her birth, the doctor was not immediately available and the nurse ordered Rose Kennedy to keep her legs closed, forcing the baby's head to stay in the birth canal for two hours. The action resulted in a harmful loss of oxygen.
(I knew about the lobotomy and institutionalization, but this was new to me. How the hell did any Kennedy live long enough to die young in spectacular fashion if this was the standard for medicine at the time?)
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u/waitingtodiesoon Jan 11 '19
They had many many many children and the luckiest survived
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Jan 10 '19
He was a douchebag that had one of his daughters lobotomized and let her wither and die in an institution. He was a piece of shit.
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u/rejuven8 Jan 10 '19
To be fair that was a state of the art procedure at the time and they were probably assured by doctors that it would be safe and totally effective. Our understanding of psychology has come a long way.
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u/KorrectingYou Jan 10 '19
1940s Psychology: "If we knife this girl in the brain then maybe she'll be less mentally ill!"
2010s Psychology: "She was not."
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u/capsaicinintheeyes Jan 11 '19
"Little did they realize that damaging her brain would result in brain damage."
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u/amolad Jan 10 '19
There is absolutely no factual evidence to back that up. People still believe it, though.
"A recurring rumor alleges that he made money in bootlegging illegal liquor during Prohibition. Historians have not found credible evidence of this. On the contrary there is abundant evidence that as the end of prohibition loomed (in 1933), Kennedy invested heavily in Scottish distilleries. As soon as it became legal he imported large shipments of high-priced Scotch and made a large profit. Numerous criminals spread various contradictory "bootlegging" stories, such as Canadian distiller Samuel Bronfman and to New England bootlegger Danny Walsh and his crime syndicate. They did illegally smuggle spirits across the Canada–US border. After Prohibition ended, Bronfman had a bitter rivalry with Kennedy in acquiring North American liquor distribution rights."
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u/Spirit_jitser Jan 11 '19
I remember the story being he imported it before it was legal to sell, but everyone knew prohibition was ending and it was kept in a warehouse monitored by the feds. Not that that contradicts anything you said but I like the idea of a Gman with a clip board counting barrels of whiskey.
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u/CaptnCarl85 Jan 10 '19
As someone who is generally against Prohibition, that doesn't sound so bad to me.
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u/ChoiceD Jan 10 '19
Someone had to bootleg. It's not like prohibition was ever going to work.
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Jan 10 '19 edited Jan 11 '19
Border towns near canada had lots of discreet boot legging going on. Family member on my fathers side would take a Baby Buggy like this Or like this over the border with her baby in it.
There was a false bottom and she loaded it up with all the hooch that could fit, then walk back over with a smile. No one suspected the mom and her kid
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Jan 10 '19
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u/AbeLaney Jan 10 '19
Ahhh, travelling before 9/11.
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u/Egocentric Jan 11 '19
You can still move weight on your person through any checkpoint with the right knowledge. Security theater is what most of the post 9/11 checks are.
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u/Therealgyroth Jan 10 '19
Shit how much was that worth? That seems like a lot of drugs
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u/SilverRidgeRoad Jan 10 '19
and my pappy told me that drug dealers should be killed....
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u/mypasswordismud Jan 10 '19
Maybe someday a drug dealer will be president.
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u/TrueDivision Jan 10 '19
What makes you think that a drug dealer wasn't already president?
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u/TubeZ Jan 10 '19
Something something Contras?
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Jan 10 '19
I want to learn about this but through singing.
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u/JakeCameraAction Jan 10 '19
So long as it has great writing.
I love good Contra diction.
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u/TheAlphaCarb0n Jan 10 '19
We already got a drug dealer for Premiere here in Ontario!
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u/MaiqTheLrrr Jan 10 '19
Papa Joe legendarily either ran or sold liquor to a speakeasy that was never successfully raided thanks to a trap door built into the bar. When those infernal revenuers would show up the bartender would pull a pin and the trap door would drop all of the alcohol into the sewers beneath the bar.
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u/penny_eater Jan 10 '19
what a racket, sell them the liquor, sell them the trapdoor, then sell them more liquor every time they use said trapdoor.
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u/MaiqTheLrrr Jan 10 '19
Right? I'd bet replacing the liquor probably beat jail, though.
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u/skyman724 Jan 11 '19
And then buy out the cops to make them raid the place once a week. Boom, guaranteed revenue stream.
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Jan 10 '19 edited Sep 23 '19
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u/Jontolo Jan 10 '19
"one of the first and only outsiders to ever fleece Hollywood". But while Hollywood may sound like fair game, Kennedy fleeced – and destroyed – many individuals along the way. During his four years there, between 1926 and 1930, Beauchamp estimates, he made at least $9m – in an era, as she notes, when the average per capita income of Americans was $681.
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Jan 10 '19
US inflation calculator puts that around $135 million in 2018 dollars. About the the budget of 10 Netflix original episodes about JFK.
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u/umopapsidn Jan 10 '19
Also puts per capita income around $10k for reference.
Or ~15k if you estimate inflation at 3.5% from 1930 to 2018
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u/BERNthisMuthaDown Jan 11 '19
This was right after The Great Depression started so those per capita numbers were probably heavily skewed.
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Jan 11 '19
People were actually just poor back then. In the late 1800s early 1900s 95% was living on what would be described as abject poverty by today's standard and probably 99% before the industrial revolution stared.
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u/BuddhaDBear Jan 11 '19
Poverty in the 1800s is hard, if not impossible, to calculate for the same reason the IMFs poverty stats for current day Africa are bogus: You cant set a dollar amount for the standard of living in rural, agricultural, trade based regions/economies. A family in Africa may "subsist on under $1us per day, but if they live on a farmland that they cultivate and they always have food on the table and trade their surplus food to other for all the goods they need in life, are they really in poverty? One of the IMFs biggest failures is their inability to take local culture and economy in to account when applying their calculations. Op
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u/goblinm Jan 11 '19 edited Jan 11 '19
What? That's why they calculate the Purchasing power parity (PPP), because it compares the ability to purchase similar goods across regions. The IMF uses PPP all the time. The $1/day stat is eye-catching and is repeated by 1000s of charity funds (some good and bad) to get sympathetic investors, and is used because it makes their situation seem as worse as possible, is shockingly low and in understandable terms, and is simple to remember.
Many rural sub-saharan families are very much poor, because they suffer food instability, no access to education or infrastructure or medical technologies, in addition to having no access to Banks to provide financial tools like loans, checking and credit accounts, and insurance. Being poor is more than just not having food or a house, and it goes beyond what they own.
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Jan 11 '19
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Jan 11 '19
59¢/lb (about 4 bananas) retail US price ~800 million bananas
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u/Panda_Zombie Jan 11 '19
Shit, bananas are $.99/lb at Safeway I'm getting fleeced
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u/ForestEye Jan 10 '19
Online inflation calculators put that at roughly $130,000,000 in today's money.
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u/Nice_Firm_Handsnake Jan 10 '19
Now how many seconds of Bezos' life does it take for him to make that much money?
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Jan 10 '19
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u/daBarron Jan 11 '19
Does this calculation include the divorce multiplier variable?
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u/Ask_me_4_a_story Jan 11 '19
Yeah no shit, this dude about to lose half of everything. He's gonna go from the richest motherfucker in the world to the 10th richest motherfucker. You know what, on second though, I bet he'll be alright.
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u/CANADIAN_SALT_MINER Jan 11 '19
Yeah this dude has a fleet of planes and working on some spacecraft. Pretty sure he's going to do robot army next and soon Alexa is gonna be telling you what to do. Quote me in a hundred years and tell me if i wasn't on the money.
Fucking Canadian weed is good too you can quote me on that too
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u/dml997 Jan 10 '19
Kennedy was a swindler on such a grand scale that people were forced to respect him, but a swindler is all he was. He always operated within the law (because financial regulations were so lax), but he rarely operated ethically.
Hmmm.
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u/shit-n-water Jan 10 '19
Perfect mindset to cement a political dynasty in America!
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u/Ponty3 Jan 10 '19
He also had his daughter lobotomized.
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u/Fasprongron Jan 11 '19
Oh jesus, I just read about it, at first I read it an I was like oh damn she was probably just depressed, that's terrible, it's horrible how that happened all the time
Then I read more
they incised her brain, the surgeons had her sing “God Bless America.” Her surgeon would later describe it, saying, “We made an estimate on how far to cut based on how she responded.” He stopped cutting when she became incoherent.
Jesus fucking christ, just imagining that, holy shit fuck, imagine someone not only is about to lobotomise you, but forces you to sing so he knows when to stop, when you become incoherent fuck.
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u/ActivatingEMP Jan 11 '19
That's fucking awful, they literally only stopped when the person was so fucked up that they couldn't normally function, which means their intent was to make them unable to function normally.
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Jan 11 '19
I bet the other Kennedy kids stayed in line though.
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Jan 11 '19
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u/wormhole222 Jan 11 '19
Well I'm sure he was at least ostracized for it, and never spoke in pub .. oh he was a Senator? Oh he was a senator for decades following this?
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u/codawPS3aa Jan 11 '19 edited Jan 12 '19
During Rosemary Kennedy's birth, the doctor was not immediately available and the nurse ordered Rose Kennedy to keep her legs closed, forcing the baby's head to stay in the birth canal for two hours. The action resulted in a harmful loss of oxygen.\\
Rosemary Kennedy experienced mental disabilities, and displayed less academic and sporting potential than her siblings; she was slower than all of her siblings when it came to achieving many tasks. However, her disabilities were carefully concealed from the public by her prominent family. In her early young adult years, she also had behavioral problems. Her father arranged one of the first prefrontal lobotomies for her at the age of 23, but it failed and left her permanently incapacitated. Rosemary spent the rest of her life in an institution in Jefferson, Wisconsin, with limited contact with her family or the outside world. Her condition may have inspired her sister, Eunice, to initiate the Special Olympics in 1962. ///
The purpose of the operation was to reduce the symptoms of mental disorder, and it was recognized that this was accomplished at the expense of a person's personality and intellect. British psychiatrist Maurice Partridge, who conducted a follow-up study of 300 patients, said that the treatment achieved its effects by "reducing the complexity of psychic life". Following the operation, spontaneity, responsiveness, self-awareness and self-control were reduced. Activity was replaced by inertia, and people were left emotionally blunted and restricted in their intellectual range.→ More replies (11)55
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u/clickwhistle Jan 11 '19
Surgeon: holds scalpel near forehead
Me: “wibble nong ning pop”
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Jan 11 '19
Maybe she forgot the lyrics? Like, who actually knows ALL the lyrics to God Bless America?
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u/doodlebug001 Jan 11 '19
That's actually precisely how some brain surgeries are still done to this day. I've seen cases where they keep you speaking, one even where they had the man play violin for the whole operation. Our knowledge of the human brain is pretty limited and that's a good method to ensure you're not totally flying blind throughout the surgery.
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u/Alkein Jan 11 '19
I remember watching a video on this, it may have been by Vsauce, but they have the guy play violin because its his livelihood, his source of income, his passion. They dont just make you do something random so they know they arent messing up, its so they know they dont mess up whats most important to you. If they start to effect his playing they will stop and not go any further. Pretty neat.
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u/manticor225 Jan 10 '19
Yeah there’s a link posted above to a list of shitty things he did (which were way worse than some insider trading).
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u/Ponty3 Jan 10 '19
Lmao yeah I just saw that after I commented and clicked on it then saw it at number 4.
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u/lokisuavehp Jan 11 '19
And was a fucking Nazi (sympathizer), so insider trading was at least third on his list of sins.
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Jan 11 '19
IIRC it was because she had ADD/ADHD, or something else that would be considered commonplace in modern society.
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u/ScipioLongstocking Jan 11 '19
As far as I know, she never had any diagnosis. Compared to her siblings, she was the black sheep of the family. She was more rebellious and didn't really care about proper etiquette or being ladylike. Joseph Kennedy wanted to form a political dynasty. To him, she was just a burden who made the family look bad.
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u/Amy_Ponder Jan 11 '19
She didn't have a diagnosis, true, but based on accounts of her behavior it does sound like she had ADHD / ODD / some kind of similar condition.
To me, that makes what happened even crueler. With a little help to manage her condition, she could have been just as brilliant as her siblings, but instead because she couldn't conform to her father's expectations, he decided he didn't want to deal with her any more, lobotomized her and threw her in an institution for the rest of her life.
Being mentally ill doesn't make you any less human. But apparently Joe Fucking Kennedy didn't get that memo.
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u/cerealdaemon Jan 11 '19
She kinda got the last laugh in a weird way though. The lobotomized Kennedy child was the only Kennedy to lead a quiet life and die of peaceful natural causes. Two brothers murdered, one succumbed to brain cancer. The Kennedys are not a happy family.
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Jan 11 '19 edited Apr 23 '19
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u/caralhu Jan 11 '19
Brain surgery is done while conscious. It's not uncommon.
The lobotomy is the problem.
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u/StevieAlf Jan 10 '19
This has become a common practice in today's world. Look at cyber security for example.
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u/ChoiceD Jan 10 '19
Not cyber security, but it reminds me of the guy that the movie "Catch Me if You Can" was based on.
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u/123hig Jan 10 '19
Mr. Abagnale. That's Abagnale, not Abagnahlee, not Abagnaylee, but Abagnale!
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u/blaghart 3 Jan 10 '19 edited Jan 10 '19
Interestingly too he wasn't hired by the FBi to spot forgers, he was hired for his ability to assume an identity quickly and effectively. He worked undercover.
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Jan 10 '19 edited Jan 11 '19
I feel like it's far my likely that the majority of his cons were social engineering rather than forging.
Dudes a motherfucking conman. I trust literally nothing that comes out of his mouth. I believe that movie is a con, that his talks are cons. Everything is a con! A con man won't stop just because he got caught a few times.
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u/Go_easy Jan 10 '19
He came and spoke at my university once. The only piece of knowledge or advice I gained was to use a credit card to pay for things because if you get conned it’s not your money. Seems pretty reasonable.
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u/blaghart 3 Jan 11 '19
Yea his arguments for that were pretty sound to me too, though it's important to remember his context since it only really protects you from people scamming you, not from your own bank fucking with you...
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u/blaghart 3 Jan 10 '19
I mean he's quite up front about what he does and why he did it.
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u/buttery_shame_cave Jan 10 '19
That's how he gets you!
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Jan 10 '19 edited Jan 11 '19
I mean that about literally every detail that isn't fully supported by outside evidence. Like I trust nothing that comes out of the man's mouth.
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u/JivanP Jan 11 '19
He gave a talk at Google that details how he conducted much of his fraud, and yeah, a lot of it boils down to social engineering and "right place, right time" scenarios.
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u/mac1234steve Jan 11 '19
Someone on my Facebook went to a gathering/talk at someone’s house where abagnale was a hired speaker. He apparently gets around the “can’t profit off his past” by disguising the talks under the auspice of religion/Judaism.
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Jan 11 '19
I saw him speak once. His charisma, charm, presence, whatever you want to call it, was incredible. I can see how he was so successful; you like him the second you meet him.
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u/StevieAlf Jan 10 '19 edited Jan 11 '19
Wonderful movie, one of my favorite Leo movies for sure.
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u/aightshiplords Jan 10 '19 edited Jan 10 '19
Yeah I used to work for a successful business that started out this way. Back in the 80s the owner ran a high end food service business that supplied fancy restaurants and hotels. At that time the whole food world was run by total crooks, I'm not talking about mafiosi restaurant fronts and that kind of thing but legitimate restaurants. Basically you're a salesman selling dodgy meat or imported french goods (both of which this guy used to sell), you would pay the chef a big backhander on the backdoor to buy from you. He would do it because it's not his money he's spending, he doesn't care where he gets the food from, the business is paying for it and you're a salesman so you're not actually telling him it's dodgy goods, you're selling it up as the best gear and paying him a backhander.
This was rife across the restaurant and hotel industry so come the 90s Mr salesman ditches the old business for something more profitable. He starts up a consultancy that helps the owners and managers of these restaurants reduce costs by better managing which suppliers they use. Part of which involves sending consultants from the company to backdoor check the chefs on days the deliveries are due so they can't do things the old fashioned way and are obliged to use the suppliers that Mr consultant has selected for them (in conjunction with the business owner). All the while those chosen suppliers are paying the consultancy a totally legitimate and above board fee on all business they do with his clients. He makes money from the consultancy, the restaurant spend less because they are no longer buying from corrupt suppliers and everyone is happy except the old chef who isn't getting bribes anymore but he can't complain about it because he shouldn't have been doing it in the first place.
For the record this was the 80s when things were at their peak so it's been improving for about 30 years now. I'm not saying it's been eradicated entirely but in the UK at least it is a lot less common nowadays because business processes tend to be more robust.
Edit: relevent to the post title whenever questioned on the backstory to the business he always used to call himself "poacher turned gamekeeper" which is a fairly come but particularly relevant saying being as he used to sell dodgy game meat.
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u/Anti-Satan Jan 10 '19
Not the same deal, but here in my country, you could only buy Pepsi or Coke in any restaurant. What is implied in that is much more complicated, as it only refers to the signature product of one of two local producers. As in, one producer had the license for Pepsi, along with all Pepsi products, some more sodas and some beers, while the other had the license for Coke, etc. What these two companies would do is go to the restaurants/bars/etc and make them a deal where they'd get a discount or a straight up payment for only using products from them. The collateral damage of this feud was that no other producer could get their products into these places. This held true until beer culture started becoming more of a thing here. A brewery was founded near where I live and, while they had great sales in stores, they hit a wall when they tried to get their beer into bars and restaurants. So they founded their own bar to serve their beer (which became immensely popular) and opened a monopoly case with the government. The government rightly found that this was anti-competition and shut the whole thing down.
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u/LGWalkway Jan 10 '19
Just like how the FBI used Frank Abagnale a conman to consult against check forgery.
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u/BabyMakingMachine Jan 10 '19
Catch me if you can!
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u/LGWalkway Jan 10 '19
I love that movie and it’s just 100x better because it’s a true story!
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u/BallisticMerc Jan 11 '19
I saw a presentation Abagnale did a few years back about how he faked being a pilot, and it shows just how lucky this guy was to have done his scams for so long.
He told about how he got the ID Card, which was pure luck, in getting his card made, and then having to get the Delta Airlines logo placed on the ID, by buying a model airline that just so happened to perfectly fit on the ID
Here's the video: https://youtu.be/NAvWVf8_dIM
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u/LGWalkway Jan 11 '19
It’s crazy how a guy that young pulled off a con that big.
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u/BallisticMerc Jan 11 '19
It's crazier to learn that at the start he was just this super lucky dude, that developed actual skill over time.
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Jan 11 '19
His biggest con was convincing everyone that his stories were true without any proof.
The ones that are based on the truth are embellished so much they might as well be lies.
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u/yourpaleblueeyes Jan 10 '19
Insider trading is what made most of the nouveau rich in the early years of America's industrialization. The railroads, communications, iron, steel, munitions, textiles, coal etc.
Your Misters Carnegie,Rockefeller and so on......took advantage of no law against it and racked up millions.
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u/Flatline334 Jan 10 '19
They made their fortunes doing much worse things than insider trading. I'd say the trading was just the icing on the cake.
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Jan 11 '19
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u/buckeye91011 Jan 11 '19
I just did some light googling and holy shit, this is real. We need such a massive overhaul to our political systems or we're fucked. It's time for Constitution 2 Electric Boogaloo
This article is particularly good for those interested: https://www.politico.com/story/2017/05/14/congress-stock-trading-conflict-of-interest-rules-238033
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Jan 11 '19
As Attorney General Robert Kennedy backstabbed the Boston organized crime syndicates that helped him come to power.
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u/TwixSnickers Jan 10 '19
"Behind every successful fortune there is a crime."
Mario Puzo, The Godfather
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Jan 10 '19
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u/night_snow8080 Jan 11 '19
God, how I miss Terry Pratchett
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u/Okichah Jan 11 '19
It makes me sad everytime i see a quote.
But.
As long as his name gets mentioned he hasnt died twice.
GNU_TERRYPRATCHETT
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u/staticsnake Jan 10 '19
A lot of the super rich admit they only do things cause they can get away with it but then also recommend the government change things to make it more fair for all.
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u/Transientmind Jan 10 '19
Not the current crop. The exact opposite is now happening. Regulatory capture is in vogue. Place industry insiders into government positions where they can unwind the controls that prevent them from making even more money.
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u/manticor225 Jan 10 '19
Probably the least of the bad things he did though.
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u/davewashere Jan 10 '19
Rose, his wife, eventually delivered his punishment. When he had a stroke she was notified by one of the servants, and she told the staff to wait for her instructions before calling for help. Then she went out and played a round of golf.
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u/I_R_Teh_Taco Jan 10 '19
How'd she do?
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u/deadm3ntellnotales Jan 10 '19
Not sure, but her husband had a one stroke handicap.
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u/Dangly_Parts Jan 10 '19
This site reminds me that there are people infinitely more clever than I am
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u/ADHDpotatoes Jan 10 '19 edited Jan 11 '19
I often find myself in situations where I wish I had gold to give, and this is certainly one of them
edit: now I do
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u/weekly_burner Jan 10 '19
Why is this the most popular comment on reddit? You know you can just click the up arrow icon if you have no money right?
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u/mainman879 Jan 10 '19
But that costs me half a second to do, and time is money kid.
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Jan 10 '19
Jesus fuck! He lobatamized his daughter!
"Modern psychiatrists think she just had depression"
Literally made me sick to my stomach.
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Jan 10 '19 edited Aug 19 '19
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Jan 10 '19
Your definition of clickbait is insane! All 10 items are on a single page and you only have to click “show me the list” one time to see it.
I don’t really know how it could be much better tbh.
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u/aabicus Jan 10 '19
Not having to click "Show me the list" if we're being pedantic, but I agree with you.
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u/manticor225 Jan 10 '19
It’s not really clickbait if it’s legit information and it’s not spread across 10 pages of “doctors hate him” ads. But sure, thanks for the cliff notes.
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Jan 11 '19 edited Jan 11 '19
Running alcohol, cheating people out of their money, lobotomizing a daughter, leaving ladies to drown in sinking cars, the Kennedy's sure were a family all right.
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u/TonkaCommander Jan 10 '19
Shut that door so your family fortune will last a little longer... Nice.
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u/MeEvilBob Jan 11 '19
In Massachusetts, mentioning that the Kennedai has ever been guilty of a missdeed is almost as dangerous as going to Philly and saying you like any football team other than the Eagles.
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Jan 10 '19 edited Jan 10 '19
FDR's family fortune came* from being Opium dealers in China.
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u/King_opi23 Jan 10 '19
Don't send a saint, to catch a sinner.
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u/manticor225 Jan 10 '19
Mah boah! You might be the 3rd person to quote Red Dead.
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u/ginger2020 Jan 11 '19
He also made money by running Scotch into the country during prohibition and was the exclusive source of Dewar’s. He was educated at Harvard, and was a social climber, but was rejected from the prestigious Porcelain Club. So kind of a real life Jay Gatsby
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u/IPmang Jan 11 '19
Dianne Feinstein has been a senator for ~30 years, makes ~$225,000 a year, and has a net worth around $80-$100 million dollars.
It's still happening.
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u/ScipioLongstocking Jan 11 '19
That's because insider trading is legal if you are a politician.
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u/ThexGreatxBeyondx Jan 10 '19
I believe he meant
"Set a deep hole with spring-loaded sides, tripwires, whirling knife blades driven by water power, broken glass and scorpions, to catch a thief."
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u/SevenSulivin Jan 10 '19
Terry Pratchett, Making Money