4 ms·
>"We're these loan sharks prosecuted? Probably yes,..." How about definitely not, other than one guy?[1] Additionally, while it won't bring back the GDP it wil
by lovich 8y ago
>"We're these loan sharks prosecuted? Probably yes,..."
How about definitely not, other than one guy?[1] Additionally, while it won't bring back the GDP it will send a message that the laws will be enforced and that this behavior has consequences. Currently the message we send is that if you do low level crime we'll be harsh on you to make an example. Crash the global economy and harm the entire country though? Ah, how could we hold you accountable for that?
[1]https://www.nytimes.com/2014/05/04/magazine/only-one-top-banker-jail-financial-crisis.html https://www.nytimes.com/2014/05/04/magazine/only-one-top-ban...
- pas 8y agoThose are not the guys I'm talking about. Sorry for misusing the term. The people (and companies) who enrolled folks into "predatory" mortgages (NINJA loans - no income, no assets, no job), the low level agents that should have done the paperwork for the credit check, and warned the wannabe clients about the risks (of default and so on).