We Are Absolutely Horrible At Stopping Financial Scams

We’ve failed to protect people again and again.

Newsday — Nassau edition — July 16th, 1995. Image snipped by author.

Stratton Oakmont (of Wolf of Wall Street fame) was not nearly as glamorous or crafty as they like to think they were. In fact, their crimes were committed in an almost laughably stupid and obvious manner from an office located behind a loading dock in an industrial area. Their brazenness would…