Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
You must have the power since you are the one bringing up the topic.
No. That’s silly.
I am a journalist. Journalists tell stories. They don’t put people in prison.
Some stories involve prison sentences. In those cases, the journalists have to mention the prison sentences. But all they are doing is telling the story accurately and completely. That’s why I mention the prison sentences — they are part of the story being told here.
Please think where you would be if everyone were talking about your prison sentence, Anonymous. If that were the case, you would have pulled back from the criminal behavior soon after it started. So your prison sentence would have been very short. That would have been a much better outcome for you and for all of us, no?
There is no charity in seeing criminal behavior and failing to speak up about it. People don’t speak up out of cowardice, not charity. Wade Pfau stood up to Mel Lindauer when Lindauer claimed that he had done unethical research. Then he noticed that Jack Bogle was not going to say anything about it. That scared him. That’s what caused him to capitulate to you Goons.
What effect do you think Wade’s capituation had on others who have given thought to doing honest research in this field? It scared them away. When someone like Jack Bogle fails to speak out about prison sentences when that is the obviously appropriate thing to do, that sends a signal to people that a field has become very corrupt. People want to see leaders lead. Bogle has failed to lead re the Lindauer matter. That scares all of us. That causes the problem to get worse, not better. There is zero charity in that.
I am trying to keep your prison sentence as short as possible. That means getting the word out as quickly as possible. Failing to mention your prison sentence would be insane. What possible good could ever come of that? I want to see every discussion board and blog opened to honest posting on safe withdrawal rates and scores of other critically important investment-related topics. What the heck good would it do to fail to talk about the prison sentences? An argument can be made that to fail to speak up about financial fraud that one sees taking place before one’s eyes is to aid that act of financial fraud, which is to commit a crime of one’s own. It is the criminal behavior of you Goons that is keeping Buy-and-Hold alive today. To fail to talk about the criminal behavior (and the prison sentences that inevitably follow from it) would be pure foolishness and irresponsibility.