3 ms·
Can we please put people in jail for stuff like this? Please? Just once?
by akie 10y ago
Can we please put people in jail for stuff like this? Please? Just once?
- Shivetya 10y agogovernment owned bank, if it works the same over there as in the US (fannie mae/mac here come to mind) I doubt there is much that can be done but use taxpayer money to make people whole again. the options versus private entities are much more varied compared to what can be done to a government institution. Sovereign immunity is a means that even horribly negative effects of policy or work can be shielded from restitution. Does that exist in European countries too?
- pidg 10y agoIt's a slightly different situation to Fannie May, in that RBS was a privately-owned business, and only became government-owned because it ran into so many problems. It's not a 'government institution' as the Bank of England is - the government just took control to stop it collapsing.
- deleted 10y ago[deleted]
- bboreham 10y agoInstances of bankers being jailed: http://www.reuters.com/article/us-libor-hayes-appeal-idUSKCN0WA1CK http://www.reuters.com/article/us-libor-hayes-appeal-idUSKCN... http://uk.reuters.com/article/uk-barclays-libor-trial-idUKKCN0ZN1G6 http://uk.reuters.com/article/uk-barclays-libor-trial-idUKKC...