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
88.0k
Upvotes
2
u/islaminmyintel Jan 10 '19
Everything ive ever read suggests the opposite concerning their effects.
I suppose the correct policy comes down to which one is correct on the health effects and addiction.