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Moreover, companies who commit fraud eventually get caught and their people go to jail. Which is why all the bank executives are currently in jail? (Contrast D
by MaysonL 11y ago
Moreover, companies who commit fraud eventually get caught and their people go to jail.
Which is why all the bank executives are currently in jail? (Contrast DOJ enforcement after the latest financial blowup to their conduct after the S&L crisis).
See Bernanke's take: http://www.usatoday.com/story/news/politics/2015/10/04/ben-bernanke-execs-jail-great-recession-federal-reserve/72959402/ http://www.usatoday.com/story/news/politics/2015/10/04/ben-b...
- javert 11y agoThat is out of context for this discussion. Banks have regulatory capture. Plus, I'm not aware of bank execs committing fraud. Plus, I'm not saying that the tort system works perfectly, I'm staying that is what we should fix, rather than having a command-and-control regulatory [capture] system like progressives/Marxists want.