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Is fraud the largest industry in America?
5 Answers
- Anonymous1 decade agoFavorite Answer
If they deregulate enough then you won't be able to call it fraud anymore. Take away the fraud and America would have virtually no liquidity left. Let's not forget the $700 billion in drug (blood) money that Wachovia laundered, or even the $1.5 trillion in counterfeit bonds that Cantor Fitzgerald created. We can't check the documents or interview some of the suspects because they died on 9/11 and the paperwork got atomised.
A few office fires last summer. Documents being shredded. 99% of the gold traded exists on paper but not in real life. Look on the bright side, the gold vigilantes (billionaires) are going to have some of these bankers killed. You don't want to mess with some of these Saudi princes or Russian mafia types!
- Anonymous1 decade ago
You mean the government being the largest industry in the US?
Yes, we have become a company country to where everyone is working to help the government drive up a massive debt. Hopefully we will all reap the awards of all of the poverty and misery!
- Sock MonkeyLv 71 decade ago
And it's perpetuated by the Government that claims to represent you.
Go figure.