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A comment on Why didn’t any Wall Street CEOs go to jail after the financial crisis? (2019). Parent comment
We created RICO to convict the Mafia. Not sure why we can't create a new type of crime to hold financial companies responsible for massive fraud.
I mean - we already have Securities Fraud - for which bank CEOs should be held accountable. I'm not sure how they escaped from that.
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We created RICO to convict the Mafia. Not sure why we can't create a new type of crime to hold financial companies responsible for massive fraud.
I mean - we already have Securities Fraud - for which bank CEOs should be held accountable. I'm not sure how they escaped from that.