5 ms·

> IMO Banks need less regulation > and have more jail time Regulations are how you get jail time.

• lettergram 4y ago
  No, laws (criminal codes) are how you get jail time. Regulations are rules passed by administrative bodies, those rarely, if ever, result in jail time. There’s a lot of reason for that, but administrative agencies often don’t have the full authority to send people to prison (I personally don’t think they should). Instead injured parties should be able to bring a suit, and I’m sure they will here.
  • arrosenberg 4y ago
    That's nitpicking. Regulatory bodies are also created by laws. Laws that prescribe criminal penalties for bad conduct are still regulatory in nature. Most US administrative bodies refer criminal activity to the Department of Justice for prosecution. It's all part of the same apparatus.
    • lmm 4y ago
      It's not a nitpick. We have a two-tier justice system and regulatory bodies mostly live in the tier that issues fines but doesn't send anyone to prison, and this is not coincidence.
      • arrosenberg 4y ago
        It's not a coincidence because the Department of Justice prosecutes the criminal offenses.