You may or may not have followed the demise of the commodities trading house, MF Global.
Everyone's favorite Mid-Atlantic limousine-liberal rich Marxist, John Corzine, ex-US Senator and ex-Governor of New Jersey, ex-Goldman Sachs "player" and finally, CEO of one of the larger trading firms (2,000+ floor traders in various exchanges), managed to execute a form of highway robbery on his customers that makes victims of Bernie Madoff's simple Ponzi scheme seem like losers in a friendly poker game.
The nuts and bolts of how Corzine pulled off this robbery, which estimates of it's depth have ranged from a few tens of millions upwards now to over a billion dollars and still climbing, are detailed here.
It takes some understanding of elementary Money and Banking theory, but if you stayed awake for the first five days of that sophomore-level course in college, you can understand the article.
You have been warned. This is a perfect example of why you can't figure the constitutional reliability of people by their wealth: Corzine is a pirate, but just think of the sell-outs we've seen so far with this Administration: The Do Not Call list, sold out; the telecommunications industry leases on gadget frequency allocations, sold out. AOPA pilots and their trusty LORAN navigation systems, sold out. BATFE's basic oversight of retail gun sales, sold out. All the while that the Administration is pretending to support the "principles" of the Occupy Wall Street Movement on the one hand by having the bought-and-paid-for SEIU fund the "camps", all the Corzine-type piracy continued apace.
Yes, Josef Stalin killed millions of people when he double-crossed his population in the USSR, and so far, Obama hasn't. Read your history books again, though; every Marxist dictator started out paying lip service to the Rule of Law, and they kept up that lip service (while performing piracy and murder below the sight-lines of their countries) up until they were sure of their permanency, then they raised their predation level to INCLUDE open ethnic cleansing, wholesale theft and mayhem of all kinds, all while thumbing their noses at a planet full of nations who don't give a rip about anything beyond their borders.
We'll see the full horror of Obama's marxism in the second year of his second term. I don't expect to outlive that point in time, if we re-elect this dangerous man.