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A comment on Sam Bankman-Fried found guilty on all charges. Parent comment

Re:Sam Bankman-Fried found guilty on all charges by matheusmoreira on Thursday November 02, 2023 @08:10PM (#38122329)
Yes. Banks too lose everything and go bankrupt. The difference is nobody goes to jail when they screw things up. Actually the government comes and actually bails them out with taxpayer money. Bank keeps all the profits and socializes all the losses.

I love what happened to this Bankman guy. It's what I wish would happen every single time some banker screwed up with our money.

[ Parent | on HN ]
Re:Sam Bankman-Fried found guilty on all charges by bagels on Thursday November 02, 2023 @08:40PM (#38122703)
Okay, one difference is that the guy literally put customer money in his own pockets. Most bank failures don't include such obvious incompetent fraud.

I agree with you though, bankers that are doing frauds should also be prosecuted.

[ Parent | on HN ]