How much money did the US government dump into hedge funds to keep them from collapsing because they were "too big" (read: too well-connected) to fail? Doesn't sound like they have secret magic to steal money, else they wouldn't have been in trouble.
As for the recent underwhelmingly US diplomatic memo leaks, that has an easy and logical explanation. These memos were merely secret information, about on the level of a ... memo inside any corporation. That is why security was so lax on them to allow so many of them to be accessible to low rank personnel. More important information is kept more secret with a tighter reign on who has access and how many people have access.
I think he's referring to the thousands of small (in comparison) hedge funds out there rather than the giant investment banks that received TARP funds.
As for the recent underwhelmingly US diplomatic memo leaks, that has an easy and logical explanation. These memos were merely secret information, about on the level of a ... memo inside any corporation. That is why security was so lax on them to allow so many of them to be accessible to low rank personnel. More important information is kept more secret with a tighter reign on who has access and how many people have access.