Of course there is crap in traditional investments, but not to nearly the same percentage that there is in BTC Securities. I have dealt with plenty of both types of investments to know that most of the crap is in BTC Securities.
Yes because the "investors" here are morons with no experience.
For instance you often see refusal of financial reports because "IBM doesn't do that". Crazy, right?
Because instead of questioning the stuff that doesn't add up, they shill more because they think it's their interest.
And the bankers who sold the crappy investments still run free.
The Banksters definitely need to be held accountable. Perhaps as dpb suggests a privately run or sponsored citizens/investors coalition could be formed that we could all trust to do the basic vetting for us.
dpb I did not mean to suggest that a simple criminal background check was all that was required for due diligence. My example was meant to point out that it would be crazy to expect 1000's of investors for a fund to have to each carry out the same process of vetting the funds. If you think of securities in general there are probably thousands if not millions of funds, and thousands if not hundreds of thousands of investors in each one. Without a central place, either public or private, where vetting can occur it would make it very wasteful for all these people to individually exercise due diligence on each one.
A simple credit rating check is often a better indicator of character than a criminal check, but even then there is no simple answer as a good man can become bad.