Mises Wire

Government Gets $1.4 billion, Investors Get $0

Government Gets $1.4 billion, Investors Get $0

Maybe some investors were naive enough to believe that the money stolen from Wall Street brokerage firms was set to be real compensation for investor losses. The Associated Press reports the inevitable: investors will get nothing, nor should they. But neither should Wall Street be treated as criminal to recommend a stock that subsequently goes down in price!

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