Back in 2008 reason ran a long piece on the Ron Paul newsletters which went into a great deal of depth on the story behind revelations of racism and bigotry that were surfacing at the time.
While the financial press would have the public believe that the transgressions surfacing at this time were desperate measures adopted by the mutual fund industry as assets under management plummeted around 2000, illegal and unethical activity has been pervasive for over 20 years.