At least a dozen banks in Miami made suspect loans to foreign nationals for condominiums selling at $500-$600 per square foot. These foreigners were all from Visa Waiver program countries, and skirted the system by purchasing them in an LLC.
When the bubble burst, they fled back to their native soil, never to be held accountable for their actions.
I'm sure you're an honest person, and work with a lot of like minded people. Your industry is fundamentally different, due to the guarantees to your customers that's provided by the federal government: FDIC, SIPC, etc. That's why your industry should be held to higher standards.
It is true, we are EXTREMELY regulated industry. You would not believe all of the background checks we go through to get hired. We all get fingerprinted. You cannot work in our industry with any felony convictions, and even misdemeanor offenses are closely scrutinized. Most firms require drug tests and criminal background checks. The SEC and FINRA closely monitor all securities firms. We are highly regulated in every respect. I don’t think we will agree on much. But I don’t think Heidi Cruz’s past employment at Goldman Sachs should disqualify Ted Cruz from running for president.