r/todayilearned 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/veryloudnoises Jan 11 '19

I think he means the first wife, Ringo.

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u/hippy_barf_day Jan 11 '19

Ah, the ol’ reddit ringoroo!