3 ms·

Perhaps 100 is grotesque, but his sentence should be long enough to prevent from having any access to the markets he abused. 5 years is barely one boom and bust

Perhaps 100 is grotesque, but his sentence should be long enough to prevent from having any access to the markets he abused. 5 years is barely one boom and bust cycle. Should be more like 20.

forinti 3y ago
Putting someone in prison is expensive. I feel that financial criminals should have to live off minimum wage for many years.
- bigboy12 3y ago
  20 seems fair. He certainly would do it again if released.
- bdcravens 3y ago
  Oh sure - that's the point of a long sentence. Unfortunately, federal prisons don't tend to grant parole, but a 10-year prison sentence coupled with a 10-year no-computer-access parole might be fair.
skissane 3y ago
> his sentence should be long enough to prevent from having any access to the markets he abused You don’t need to put someone behind bars to deny them access to markets - you just need to give sentencing judges the power to ban them from engaging in certain activities (e.g. owning stock, being a corporate director or officer, trading on financial markets, etc) Maybe sentencing judges don’t have that power - in which case, why doesn’t the legislative branch give it to them?
- c22 3y ago
  Usually sentencing judges can offer a choice to agree to some novel restriction or face the codified penalty, as far as I know. Not sure granting the judiciary carte blanche to make up their own punishments is the best idea.
  - skissane 3y ago
    We are talking here about the US federal system, which has probation as a sentencing option, and I believe judges already have pretty wide latitude to set custom probation conditions. I suppose the problem is the sentencing guidelines and societal expectations are for custodial sentences. But I think many people who oppose lengthy prison terms for nonviolent offenders when the offender is the neighbourhood drug dealer or some petty thief are suddenly no longer opposed when it is a (formerly wealthy) white collar criminal
boppo1 3y ago
Fuck that, he needs to be made an example of.

Perhaps 100 is grotesque, but his sentence should be long enough to prevent from having any access to the markets he abused. 5 years is barely one boom and bust cycle. Should be more like 20.

forinti 3y ago

Putting someone in prison is expensive. I feel that financial criminals should have to live off minimum wage for many years.

bigboy12 3y ago
20 seems fair. He certainly would do it again if released.
bdcravens 3y ago
Oh sure - that's the point of a long sentence. Unfortunately, federal prisons don't tend to grant parole, but a 10-year prison sentence coupled with a 10-year no-computer-access parole might be fair.

skissane 3y ago

> his sentence should be long enough to prevent from having any access to the markets he abused You don’t need to put someone behind bars to deny them access to markets - you just need to give sentencing judges the power to ban them from engaging in certain activities (e.g. owning stock, being a corporate director or officer, trading on financial markets, etc) Maybe sentencing judges don’t have that power - in which case, why doesn’t the legislative branch give it to them?

c22 3y ago
Usually sentencing judges can offer a choice to agree to some novel restriction or face the codified penalty, as far as I know. Not sure granting the judiciary carte blanche to make up their own punishments is the best idea.
- skissane 3y ago
  We are talking here about the US federal system, which has probation as a sentencing option, and I believe judges already have pretty wide latitude to set custom probation conditions. I suppose the problem is the sentencing guidelines and societal expectations are for custodial sentences. But I think many people who oppose lengthy prison terms for nonviolent offenders when the offender is the neighbourhood drug dealer or some petty thief are suddenly no longer opposed when it is a (formerly wealthy) white collar criminal

boppo1 3y ago

Fuck that, he needs to be made an example of.