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It's called "Faling on your sword". The idea that VW would come out of this with no executives going to prison is laughable. They broke black-letter law. It wa
by xenadu02 10y ago
It's called "Faling on your sword".
The idea that VW would come out of this with no executives going to prison is laughable. They broke black-letter law. It wasn't just recklessness. There is no plausible deniability. They straight-up cheated. They knew they cheated. Management endorsed the cheating. When the initial investigation got going they lied about cheating.
My guess is a number of execs will plead guilty before this is all over.
- mattybrennan 10y agoI wouldn't have taken the jail time for granted. Goldman Sachs managed to escape their admitted fraud with no executives going to jail.