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You take my words out of context. There are well publicized examples from the US where bankers did great harm and were let off due to being high earners. The

You take my words out of context. There are well publicized examples from the US where bankers did great harm and were let off due to being high earners. The case that jumps to mind is the hedge-fund manager that plowed down a surgeon on a bicycle. Banker was drunk, doctor was on his way home. Banker did not do a day in jail due to that harming his ability to financially remunerating the doctor. Banker didn't even get a spot on his record for the same reason.

ptaipale 11y ago
I wasn't merely referring to your particular words but to a more general sentiment which is expressed in many meme posters that are shared on Facebook, etc. Are there well publicized examples of US bankers who did crimes related to banking - not great harm but crimes - and were let off due to being high earners? The example you mention above is nothing specific about bankers; it's a claim that a rich person gets off lightly because he can pay for the damages. In fact, related to this particular case, there is a claim that the banker was targeted by police because of his wealth, because other hit-and-run drivers have gotten off completely. http://www.cnbc.com/id/40071519 http://www.cnbc.com/id/40071519
- tim333 11y ago
  "But when she and others raised objections to the toxic loans, something odd started happening. The number-crunchers who had been complaining about the loans suddenly began changing their reports. The process she describes is strikingly similar to the way police obtain false confessions: The interrogator verbally abuses the target until he starts producing the desired answers. "What happened," Fleischmann says, "is the head diligence manager started yelling at his team, berating them, making them do reports over and over, keeping them late at night." Then the loans started clearing." Said diligence manager got off. JP Morgan paid $9bn to settle and hush it up. http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106 http://www.rollingstone.com/politics/news/the-9-billion-witn...

ptaipale 11y ago

I wasn't merely referring to your particular words but to a more general sentiment which is expressed in many meme posters that are shared on Facebook, etc. Are there well publicized examples of US bankers who did crimes related to banking - not great harm but crimes - and were let off due to being high earners? The example you mention above is nothing specific about bankers; it's a claim that a rich person gets off lightly because he can pay for the damages. In fact, related to this particular case, there is a claim that the banker was targeted by police because of his wealth, because other hit-and-run drivers have gotten off completely. http://www.cnbc.com/id/40071519 http://www.cnbc.com/id/40071519

tim333 11y ago
"But when she and others raised objections to the toxic loans, something odd started happening. The number-crunchers who had been complaining about the loans suddenly began changing their reports. The process she describes is strikingly similar to the way police obtain false confessions: The interrogator verbally abuses the target until he starts producing the desired answers. "What happened," Fleischmann says, "is the head diligence manager started yelling at his team, berating them, making them do reports over and over, keeping them late at night." Then the loans started clearing." Said diligence manager got off. JP Morgan paid $9bn to settle and hush it up. http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106 http://www.rollingstone.com/politics/news/the-9-billion-witn...