3 ms·

I like the idea of prison time but that's only going to happen with an impartial legal system that treats everyone the same; regardless of wealth, upbringing or

by tjpnz 4y ago

I like the idea of prison time but that's only going to happen with an impartial legal system that treats everyone the same; regardless of wealth, upbringing or Ivy League attendance among others. In the meantime how about fining companies so much that the bank will become insolvent if they don't give a crap and passing laws (if they don't exist already) to force a halt in trade for x-days/weeks?

trey-jones 4y ago
I think the banking industry is already very heavy regulated since 2008. In fact these regulations are (in my limited experience) at least as bad for the consumer as for the banks. Dealing with banks in general since 2008 has been a huge pain in the ass, and it's not really the bankers' faults (other than the huge debacles that led to regulation). Better to just let the banks doing stupid risky crap fail instead of even more regulation. And if the stupid risky crap they're doing is also illegal, then make the penalties matter, as others have already said.
- lotsofpulp 4y ago
  >Dealing with banks in general since 2008 has been a huge pain in the ass, In which ways? I cannot say I have noticed any difference pre and post 2008. If anything, the CFPB which was established after 2008, helped save me a ton of time and effort when I could not easily get a hold of a bank employee who could resolve my issue.
pwillia7 4y ago
What would be the 'cost' international competition wise to harming your own banking sector with penalties for the banks and not individuals? It's not a leading question. Are there enough banks and enough 'good' banks to do this obvious domestic win with no international consequences?
CogitoCogito 4y ago
> I like the idea of prison time but that's only going to happen with an impartial legal system that treats everyone the same; regardless of wealth, upbringing or Ivy League attendance among others. Why? These inequities exist all over the US legal system yet prison time is handed out for many offenses anyway.

by tjpnz 4y ago

trey-jones 4y ago

I think the banking industry is already very heavy regulated since 2008. In fact these regulations are (in my limited experience) at least as bad for the consumer as for the banks. Dealing with banks in general since 2008 has been a huge pain in the ass, and it's not really the bankers' faults (other than the huge debacles that led to regulation). Better to just let the banks doing stupid risky crap fail instead of even more regulation. And if the stupid risky crap they're doing is also illegal, then make the penalties matter, as others have already said.

lotsofpulp 4y ago
>Dealing with banks in general since 2008 has been a huge pain in the ass, In which ways? I cannot say I have noticed any difference pre and post 2008. If anything, the CFPB which was established after 2008, helped save me a ton of time and effort when I could not easily get a hold of a bank employee who could resolve my issue.

pwillia7 4y ago

What would be the 'cost' international competition wise to harming your own banking sector with penalties for the banks and not individuals? It's not a leading question. Are there enough banks and enough 'good' banks to do this obvious domestic win with no international consequences?

CogitoCogito 4y ago

> I like the idea of prison time but that's only going to happen with an impartial legal system that treats everyone the same; regardless of wealth, upbringing or Ivy League attendance among others. Why? These inequities exist all over the US legal system yet prison time is handed out for many offenses anyway.