Set forth below is the text of a comment that I recently put to another blog entry at this site:
Everyone is corrupt, but you, right Rob?
I am the lead person saying that we should clean up the corruption, Pink.
There are thousands of our fellow community members who have expressed a desire that honest posting be permitted.
Numerous academics have told me that they would like to feel free to publish honest research.
Numerous practitioners have told me that they would like to feel free to give honest investing advice.
Even the Wall Street Con Men have evidenced a desire to do honest work.
Bogle taught me what I needed to know to see that the Old School SWR studies were in error by including honest material in his book.
Bernstein warned people years ago that anyone who was giving thought to using one of the Old School SWR studies to plan a retirement would be well advised to “FuhGedDaBouDit!”
Larry Swedroe tried posting honestly at the Bogleheads Forum before I even came along and went back to posting dishonestly only after Mel Lindauer had him banned.
Scott Burns’ first thought when I wrote him about the errors in the Old School SWR studies was to file an honest report to his readers. The first words of his response e-mail to me were: “You’re right.” He then asked for my telephone number so that he could do an interview in preparation for writing an honest article on the errors in the Old School studies.
Wade Pfau obviously was engaging in honest work for 16 months and loving every minute of it.
Brett Arends at the Wall Street Journal was obviously being honest when he wrote that the Wall Street Con Men “are only telling half the story” and that there is zero reason to believe that long-term timing doesn’t work and that people who have fallen for the trickery of the Buy-and-Holders have lost large amounts of their life savings as a result.
There are plenty of honest people around and I am confident that most of the people who will be sitting on your jury will be honest people who have lost large amounts of their retirement savings as a result of your 12 years of internet trickery and abuse and deception.
I am the leader of those seeking to open the internet to honest posting and to bury the smelly Buy-and-Hold garbage 30 feet in the ground, where it can do no further harm to humans and other living things. But there obviously are thousands and thousands of experts in this field who are looking forward to the day when you Goons are sent off to prison and all the rest of us bring this economic crisis to an end and bring on the greatest period of growth in U.S. history.
I think it would be fair to say that even you Goons would play it very, very differently if there were a way to go back to the morning of May 13, 2002, and have a do-over.
We cannot have a do-over.
You can come clean prior to the next crash and I will be happy to do what I can to get your prison sentence reduced a bit.
Or you can take your chances with seeing what happens if you don’t come clean until after the crash.
I’ll be rooting for the best possible outcome for you in either event, my old Goon friend.