[lenerdenator]

To be fair, if you were aware enough to separate the characteristics of wealth and intelligence, you've probably seen the investing world as a casino with ego-stroking suits long before this. The difference between the cigarette-burning retiree surrendering their OASDI check at a casino in Kansas City and Wall Street investors is a diploma from the "right" schools and in the ability to sway the odds in their favor; they both can - and will - destroy themselves or those around them to indulge in their habit.

Any sort of announced intention to "somehow stop the bad actors" became laughable after 2008-2009. We had bankers and financiers kick the monetary legs out from under an entire generation and unless they did something blatantly illegal (read: were Bernie Madoff) none of them faced a consequence.

That's why you have the current situation in the US where scammers can take advantage of distrust in any and all of society's institutions, up to and including the federal government.