3 ms·
In case you were in a coma 2008-2009, the US justice system likes to settle with corporations, but almost never actually tries to convict white collar criminals
by georgeecollins 9y ago
In case you were in a coma 2008-2009, the US justice system likes to settle with corporations, but almost never actually tries to convict white collar criminals. Here is a whole book subtitled "Why the justice department fails to prosecute executives."
https://www.amazon.com/dp/B06XBZFQR2/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1 https://www.amazon.com/dp/B06XBZFQR2/ref=dp-kindle-redirect?...
It is very well reviewed.
- futun 9y agoExactly this. White collar crime is typically punishable by a fraction of one's winnings -- if it is even stopped at all. In other words, white collar crime is an attractive business model.
- CalChris 9y agoWell, the book didn't get out of the first sentence for me. > each a realm unto itself, run by a US Attorney who is almost untouchable by headquarters in faraway DC. In fact, each US Attorney can be fired at will by the President. At will and not for cause. The Fed Chair can be fired but only for cause. This leads to US Attorneys living in a very political world. They are politically appointed (Chris Christie), Senatorially confirmed (Jeff Sessions USAG) and politically removed (George W Bush). So defendants who are politically connected are not going to get prosecuted and that's that.
- 24gttghh 9y agoWhen was GWB a US Attorney? Or are you referring to this[0]? [0]https://en.wikipedia.org/wiki/Dismissal_of_U.S._attorneys_controversy https://en.wikipedia.org/wiki/Dismissal_of_U.S._attorneys_co...
- ansible 9y agoI've got a friend that puts much stock in the interviews that CEOs give on the financial TV networks. He keeps insisting that the CEOs on these shows rarely lie, because they would otherwise go to jail or otherwise get sued by their investors. I'm not so sure...