How Dumb is Too Big to Fail?
From the AP: Money too funny: Argentine court forgives forgery:
An Argentine man who tried to use two counterfeit bills has been found innocent, by reason of incompetence.
A federal court in Buenos Aires says the forged bills presented by Marcos Ribles were "so clumsy and crude" that "they could not be accepted by most people."
The court says the 65-year-old man tried to pass a false 100-peso Argentine note, nominally worth about $26, as well as a false U.S. $50 bill.
Judges say the counterfeit bills had such shoddy printing and poor-quality paper that nobody could be fooled.
The court announced its ruling dismissing the charges on Wednesday.
Lessons learned: If you’re going to screw up, you better do it in a big way.
Here is a counterfeiter who would have gone to prison for a long time if he would have done a half decent job. Since he did an amazingly terrible job, he gets off completely.
Does this make you think of the bailouts of GM, Fannie Mae, Freddie Mac, AIG, Citigroup, etc.
