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Very few people actually got punished, but a lot changed since 2008. Executives were forced to step down. Several major players went bankrupt and many more lost
by Aunche 6y ago
Very few people actually got punished, but a lot changed since 2008. Executives were forced to step down. Several major players went bankrupt and many more lost 95%+ of their valuations. Anecdotally, I hear that companies are taking compliance much more seriously. HN would call the surveillance at banks today Orwellian if they were more knowledgable about it.
- dragonsngoblins 6y agoOh no people had to step down? They fucked up, lost their company loads of money and gasp got fired?! Like. I understand your point but a lot of people really don't think that is punishment really
- LandR 6y agoEven if they lost their job, they are still incredibly wealthy. That's not any sort of repercussion, at all. Its nothing. These people who are gambling with peoples lives and livelihoods just to get richer need to start going to jail. Nothing will change until proper punishments are handed out that makes people reconsider being a greedy, selfish, morally reprehensible piece of shit.