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You can open a bank, and then this might happen to you: https://en.wikipedia.org/wiki/Abacus_Federal_Savings_Bank https://en.wikipedia.org/wiki/Abacus_Federal_
by jpatokal 8y ago
You can open a bank, and then this might happen to you:
https://en.wikipedia.org/wiki/Abacus_Federal_Savings_Bank https://en.wikipedia.org/wiki/Abacus_Federal_Savings_Bank
https://en.wikipedia.org/wiki/Abacus:_Small_Enough_to_Jail https://en.wikipedia.org/wiki/Abacus:_Small_Enough_to_Jail (an excellent documentary)
- fma 8y agoThat's messed up. Injustice, and maybe racist? So many other Banks down the street that casued malice...I thought it was bad enough that non of the big banks got in trouble for ruining the global economy...but to prosecute a small bank, which has default rate of 1/10th of other banks is infuriating, which fired the one employee that casued trouble... Though they were cleared of all charges, I'e the stress caused onto the staff of 19 people was great.
- gammateam 8y agoThe only reason they brought the charges on "low hanging fruit" was to be able to point at why it is basically impossible to prove crimes against an individual or corporation in nuanced financial matters to a jury. The point was to show how this is a negligent use of public resources unless the laws changed, which they won't. Maybe it backfired because the jury felt it was unfair by that point, the result is still the same and it solidifies the case law itself raising the bar for prosecution even higher.