The "regulators" caused him to commit massive, sustained fraud? Really?
That poor man. Poor Russell Wasendorf. He must feel so oppressed and uncomfortable right now.
Were it not for the fact that they essentially deregulated his industry in the late 1990s with the Gramm-Leach-Bliley act, I would probably be running a fundraiser for Wasendorf right now. I wonder how much of Wasendorf's stolen cash ended up in Representative Jim Leach's pocket.
Perhaps if the investors were to stop in and say hello to former Congressman Leach, he could give them some bumming around money.
It's a sad state of affairs when a country full of defanged regulators can drive a man to self-immolation like this. America is collapsing all around us and rich, wealthy, powerful men like Russell Wasendorf are being hounded by jackals simply for stealing money that wasn't his.
I'd put up a PayPal fundraiser, but I suspect someone would just regulate that into oblivion as well.