Re:Why didn’t any Wall Street CEOs go to jail after the fina...
by bawolff on Tuesday August 24, 2021 @07:53PM
(#28296492)
> as if people from these companies didn't help write the laws that are supposed to regulate this stuff in the first place.
So what instead? - just arrest people based on public sentiment? Or rewrite the laws later, ex post facto-ly?
I'll take the rule of law, despite the failure case of regulatory capture, over just punishing people because they're unpopular, any day.
Re:Why didn’t any Wall Street CEOs go to jail after the fina...
by jakelazaroff on Tuesday August 24, 2021 @10:36PM
(#28297462)
What is the point of respecting a system literally designed to oppress you?
These people gambled with the economy, lost trillions of dollars and destroyed the lives and savings of millions of people… and then got bailed out by the federal government. Who cares whether they committed specific crimes? The issue is the "heads we win, tails you lose" system, in which if you're wealthy enough you can break the world economy and get rewarded for it.