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by killin_dan 3297 days ago
I would think anyone even remotely familiar with economics would realize how significant even small groups of agents and how they can have rippling effects across an economy.

Maybe there was a lapse in judgment somewhere, but that doesn't excuse him from doing what he did, and that lapse can't justify his actions, which caused HUNDREDS of billions of dollars of misleading money to move around.

However, I think he was too harshly sentenced, and I think these "make an example out of him" cowboy judges only exasperate the situation even more. If I were committing global-scale fraud right about now, I'd spend even more time and take even more caution to make sure that I can't be caught or unmasked. Hayes will serve as an inspiration to future fraudsters, you can count on that.