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A comment on Why didn’t any Wall Street CEOs go to jail after the financial crisis? (2019). Parent comment

Re:Why didn’t any Wall Street CEOs go to jail after the fina... by jdavis703 on Tuesday August 24, 2021 @04:01PM (#28294169)
Selling bad assets isn’t illegal. I worked for a startup. After seeing how the sausage was made I knew they were a bad company. When they IPO’ed I sold all shares as soon as the lockup hit. They have yet to exceed the price I sold at. Should I be in jail for selling what I knew was a crappy, over-valued company?

(Mind you I had no MNPI as I hadn’t worked there for 6 years.)

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Re:Why didn’t any Wall Street CEOs go to jail after the fina... by deergomoo on Tuesday August 24, 2021 @04:11PM (#28294312)
> Should I be in jail for selling what I knew was a crappy, over-valued company?

If your job was to sell these things to people as a professional service, and you set things up so that a supposedly impartial ratings agency would give a high rating to something you know is shit? Absolutely. It’s not the same thing though is it?

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