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My cynical view is these loopholes will only close when small/midsized companies start to aggressively apply them. However, I fear that when the little guy doe
by jgalt212 8y ago
My cynical view is these loopholes will only close when small/midsized companies start to aggressively apply them. However, I fear that when the little guy does this there is a real risk of prison time, and no matter how far Apple and AMZN push the bounds of the law there is no way in hell Bezos or Cook would ever get arrested.
https://www.barnesandnoble.com/w/the-chickenshit-club-jesse-eisinger/1126244582?ean=9781501121364 https://www.barnesandnoble.com/w/the-chickenshit-club-jesse-...
- anth_anm 8y agoNo one got arrested for 2008. Has anyone been arrested for the Opiate crisis? Oligarchs don't have the same laws as the rest of us.
- umanwizard 8y agoLet's imagine you were a federal prosecutor. Who specifically would you indict for the 2008 crisis, and on what specific charge?
- anth_anm 8y agoLet's not, because it's a pointless exercise. I'm not a federal prosecutor with the powers to investigate the malfeasance of white collar criminals. 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...
- jgalt212 8y agoaccounting fraud, for one. Banks carried so much unsold bonds on their books at prices that were nowhere near reality.