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> The fact that no one went to jail or even got fired for total malfeasance suggests that both regulation and internal oversight are grossly inadequate. Which
by anamax 17y ago
> The fact that no one went to jail or even got fired for total malfeasance suggests that both regulation and internal oversight are grossly inadequate.
Which folks in the SEC do you want to jail? (They're the ones who granted the bond ratings monopoly.)
Which bank regulators do you want to jail? (They're the folks who "encouraged" fannie and freddie stock ownership. They also "encouraged" "safe securitization" via insurance.)
Which of the Fannie and Freddie execs do you want to jail? (They lied about the contents of their portfolios. Many of these folks are now in the Obama administration. One of them, Gorelick, is currently writing privacy policy....)
Which congress critters who protected Fannie and Freddie do you want to jail? (This group is almost all dems.)