Reply #2: Actually, your money isn't really affected by these crooks [View All]

[Onlooker]

The average investor isn't particularly harmed by the kind of corruption going on in mutual funds. If you're invested in one of the funds that was heavily manipulated, companies like Putnam are promising to make up for any losses (which probably isn't much unless you have millions of dollars in your 401K).

The whole irony of this scandal is that the nature of capitalism is to steal. (I'm not saying the economic alternatives to capitalism are any better.) I mean look how many rich familieis made their money off of slavery, child labor, polluting well water, killing union workers, supporting murderous regimes, and so on. Look at how the "lucky" investor in Enron, who happened to buy low and sell high (perhaps without knowing about the corruption), will be able to keep his profits. How many of the investors in tobacco who made millions have managed to keep those millions because they sold their stock before the scandal hit the courts? Lots of innocent people profit off corporate corruption and get to keep their gain, while honest workers and retirees get screwed. Our system is totally unfair. Get used to it.