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>We don't throw people in jail because we don't like their business practices. We do when they're fraudulent* * Exceptions for too big to jail bankers. Jamie
by crdoconnor 11y ago
>We don't throw people in jail because we don't like their business practices.
We do when they're fraudulent*
* Exceptions for too big to jail bankers. Jamie Dimon won't see a day in jail despite running a criminal enterprise.
>The idea that the government wasn't absolutely salivating at the opportunity to throw some bankers in jail is one of the funniest things I read on the internet. People don't seem to understand that the government and banking industry are often at odds on many things.
The banking industry has a meltdown when the government isn't treating them with utter admiration.
If the DoJ were actually concerned about putting bankers behind bars they could easily use Sarbanes-Oxley to make a few bank CEOs do the perp walk in an orange jumpsuit.
They're far too rich a source of campaign contributions, however (see Hillary's Goldman Sachs speaking fees for instance).
- forgetsusername 11y ago>Jamie Dimon won't see a day in jail despite running a criminal enterprise. Funniest thing I might read today. This is just another near-daily HackerNews anti-bank circlejerk amongst people who spend way too much time watching conspiracy theories on YouTube.