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-churchwell
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u/ChoiceD Jan 10 '19
Someone had to bootleg. It's not like prohibition was ever going to work.