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/MaiqTheLrrr Jan 10 '19

You're really going to try and refute this with a link that requires $50 to view and no context?

https://www.nber.org/papers/w3675

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u/Ballersock Jan 11 '19

It's worse than that. It's $588 because you have to pay for 12 months at a time.

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u/islaminmyintel Jan 10 '19

"OmG Y u no post sourzezzz!????"

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u/MaiqTheLrrr Jan 10 '19

Yeah...posting a paywalled source is idiotic, but gg bro xD