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So how about we bail out the institutions and throw the executives in jail? That seems like a good compromise.
by ethanbond 10y ago
So how about we bail out the institutions and throw the executives in jail? That seems like a good compromise.
- atmosx 10y agoAmen. Bringing accountability in the banking sector? That's a refreshing thought and a decisive step forward to save, whatever can be saved from the EU.
- pizza234 10y agoAFAIK, in case of criminal charges, the bank license could be revoked as consequence; that would match the fact that [AFAIR] there are often N zillions of dollars in fines, but never charges against the executives.
- sandstrom 10y agoIt's not enough to jail executives. It's also important that all institutional lenders (money market funds etc) that has financed the bank (in addition to all equity holders) take a hit.