Can you believe the headlines?
What are you reading?
I'm reading about Michael Milliken, the Bond King.
Didn't he sell worthless stocks to people or something? He got arrested for that, didn't he?
He got arrested all right.
If I remember, he got off with a light sentence. Something like three years in a minimum-security prison.
Yup, that's him. He made millions of dollars selling bonds to people and ended up with a pile of cash when they became useless.
I think the government fined him a small amount, and he kept the rest in his foreign bank accounts. He's still a millionaire.
That's the kind of thing in America that gets me mad. Some guy pulls off a stock scheme and makes millions while spending the bare minimum sentence in jail.
I know. And some poor guy that robs a liquor store makes $ 500 at most and ends up in jail for five to ten years.