Fraud Never Works

 There's a scene near the end of The Big Short where Mark Baum (Steve Carrell) give a speech where he says "fraud never works".

The reason fraud never works is that markets tend to be merciless with information and once accurate information comes out, those markets don't give a shit about the trappings that wealth and power use to create a sense of invincibility. 

With the Trump decision - likely illegal - to end the Consumer Financial Protection Bureau, it is now open season for fraud again. If this stands, and even if Courts rule its illegal Trump can kill it via staffing, then there will be a financial scandal before his term is over. Trump himself is an engine of lawlessness and the remoras that have latching on to him are simply scam artists from root to stem. 

I've already said that there will be a Crypto Crash sooner rather than later. The gutting of the CFPB will accelerate this, I guess. Given that the Trumpists are signaling that they are preparing to ignore court rulings that they don't like this should speed-run the crashing of the American economy.

Let's hope the fallout from the crash will be contained, but I'm not sure how.