Comments by "" (@TheDavidlloydjones) on "Yahoo Finance"
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No surprise here. The Red States are the ones where all the productive people have left. All the whiners and losers have stayed behind. Naturally, and they get the most Federal transfer payments for unemployment, remedial ed, and the two sorts of welfare for the rich, military bases and farm spending.
The farm program, originally to bail out the family farm, today helps agribusiness. The largest farmers in America are Coca-Cola and ADM, the former Archer, Daniels Midland. Military bases? They follow the senior votes in Congress: they tend to be in places where the losers and whiners have been electing the oldest, most tired Republicans for a generation. Think Georgia, Mississippi, Alabama: red, old, tired, and full of unemployables ready to sign up for the government job.
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His crime was nothing fancy, just theft/fraud -- but his real crimes were managerial.
FTT as a form of collateral is One; having anything at all, let alone FTT, any single collateral "asset," as a major item on your balance sheet is Two; doing business with a cusomer, Alameda, for a company in which you have fiduciary reponsibility is Three.
None of these three is particularly criminal. All three are major league stupidity, and everybody involved, anybody who ever had the chance to point out to SBF the extreme dumbness with which he was conducting himself, should be barred by public opinion, not any government, from doing business anywhere, ever, again.
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