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Do you feel the same way about the malfeasance that brought on the financial crisis?

• pseudolus 6y ago
  The malfeasance that brought on the financial crisis is illustrative. It ultimately led to one criminal prosecution that involved a small single digit number of branches Chinese-American community bank (Abacus Bank). The prosecution was ultimately unsuccessful. If the government couldn't pull off a successful prosecution of such a small fish then why believe they'll be successful with the likes of FAANG? Best to devote the limited resources the government has to proactively utilizing its powers and enforcing anti-monopoly legislation. If it was readily capable of doing so in the past, why not now? In passing, the debacle that was the prosecution of Abacus Bank was the subject of a great documentary 'Small Enough to Jail' [0][1]. It's demonstrative of whom the government will ultimately always chose to prosecute. In the case of Abacus Bank, an institution that had a significantly lower default rate than most large banks. [0] https://www.pbs.org/video/abacus-small-enough-to-jail-suqmxe/ https://www.pbs.org/video/abacus-small-enough-to-jail-suqmxe... [1] https://en.wikipedia.org/wiki/Abacus:_Small_Enough_to_Jail https://en.wikipedia.org/wiki/Abacus:_Small_Enough_to_Jail