You know its funny, I always read those quotes about democracies only lasting as long as it takes the people to realize they can vote themselves largesse from the Public Treasury. But somehow I don’t think they’re talking about the millionaires who dig themselve a hole, profiting all the way to the bottom, and then ask the Taxpayers to bail them out.
Ironic eh? Imagine running a firm into the ground, and walking away with 100 mill+. Mozillo, etc.
But don’t worry about their future welfare. Most of the worst culprits have insurance in the form of mansions in a dozen countries, and all of necessary offshore accounts.
There may be a hundred Robert Vescos walking the world’s beaches by the time this is over.