ecorealist

Not sure if you realize this but Arthur Andersen "the company" was convicted, not some individual named Arthur Andersen. The discussion was about whether individuals would get prosecuted or if there are personal qualifies which allow some people to escape criminal prosecution.

Thanks for posing this article. Kareem Serageldin was certainly guilty but actually goes to strengthen my original argument -- it is rare to find Arab financiers on Wall St, it is telling that the one prosecution on the 2008 CDO disaster is an Arab guy!

I certainly dont know if he is guilty or not, he very well may be. My point was more that it is common practice. So common there is a widely used name for it: https://en.wikipedia.org/wiki/Spoofing_(finance)

Also, instead of down-voting inconvenient facts presented with examples perhaps post counter-examples. Or just continue to live in a pretend-bubble i suppose.

Yes, many white people have gone to prison, but it has taken enormous and egregious cases for that to happen. Usually, a brown or other disliked minority fall-person will go to jail and to quell public outrage.

Consider the 2008 crisis, yes some white Americans went to jail, but the major (only?) prosecution at Goldman Sachs for example was https://fr.wikipedia.org/wiki/Fabrice_Tourre Were his emails damning? Yes, but lets not pretend he was anything but the most low-level fall guy, conveniently with a heavy french accent -- Americans love to hate him. Also, Rajat Gupta and Raj Rajaratnam were certainly dirty, but their prosecution was the highest profile one post-2008 and it was more an insider trading case, not actually going after CDO fraud. No one at AIG-FP or Goldman Sachs got prosecuted, almost none got prosecuted anywhere.

Flash Crash -- lets find a young Indian guy and blame it on him. http://www.independent.co.uk/news/business/news/the-flash-cr... Nevermind that spoofing is a widespread industry practice in America...

Prosecutors will go after easy cases AND those that quell public calls for blood. Holmes does not "look" criminal to the typical American, so I bet she walks away -- your average voter/citizen would not be happy if she goes to prison. My bet is a lower-level Chinese/Indian/Mexican(!) or some other minority goes to jail for this. They may well be guilty so I wont argue it is cooked-up or anything, but likely wont be the actual [white] person at the top.