But other than every part of this tweet being completely wrong, good observation.
C students who didn't go to college poring over financial records in the bullpen at the LAPD.
For real police would be much more effective if they fired 90% of beat cops and replaced them with accountants.
Trying out interrogation techniques he saw in a movie on the financial records.
I feel like it's very wrong to say that "virtually everything was unlawful." IIRC crypto is so scam riddled because it lacks the same basic regulations that the US implemented on banks in the early 20th century due to this same scam and speculative behavior.
Still enjoy watching this shit eat itself :antelope-popcorn:
yeah its only real utility is that it's finance without regulation.
That's Stoller's point. This tweet (which I assume is tongue in cheek) is in context of beefing up the SEC so that financial fraud can actually be investigated and enforced.
Exactly. Dude doesn't seem like he's based and I'm not sure his take that "virtually everything" was always illegal is even accurate....but he's making quip about the fact that the only actual "defend the police" movement that ever happened was all in the financial sector. ...its just...not the most well constructed joke.
Stroller is kind of a weirdo in a very odd ideological niche. He’s an anti-big-organization guy, which aligns him with the left on a lot of policy, but for the wrong reasons. This joke is an example of being more or less correct on the surface (it would probably be better if financial crimes were enforced more rigorously) but ultimately failing to connect the dots (ACAB) because he probably doesn’t really believe the defund argument. It’s a very by-your-logic debate troll joke, even in context.
Yeah, scams and frauds are "real" crimes in the sense that they have actual victims. They also usually aren't a product of poverty or mental illness, so it's hard to argue that you should be redirecting enforcement money to addressing root causes.
The financial sector should be in full support of more policing of their industry, given what we know about the root cause of financial crimes…
Most people in finance think they can make money off loopholes and borderline-legal conduct, and even the semi-honest ones have anti-regulation brainworms. On top of that, they have the classic capitalist inability to weigh small, short-term costs (regulatory hassle) accurately against big long-term risks (getting fucked in a financial crisis).
I was more pointing out that the root cause of financial crimes is capitalism, but yes, also all of the above.
:epstein: and :maxwell: got away with their crimes for over 30 years because we defunded the police in the 80's
:galaxy-brain:
Ahh, yes, I do remember in 2020 when they cut the funding of Treasury and the Secret Service by 95%.
Right... and which states actually defunded their police departments?
