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> After all is said and done, Charlie Javice will be hanging out at a prison camp—probably down there with Holmes and Maxwell, because it's cushy—and do no more
by thruway516 1y ago
> After all is said and done, Charlie Javice will be hanging out at a prison camp—probably down there with Holmes and Maxwell, because it's cushy—and do no more than 4 years
I don't mind that outcome. She did not knowingly sell a product that could harm the public or abuse and traffic children, so it wouldn't be unfair or a travesty of justice like with those other two (especially that last one)
- realitysballs 1y agoAgreed, hot take, but she defrauded a large corporate bank , big whoop if you ask me.
- some_guy_nobel 1y agoHave you ever heard of second-order effects?
- MyOutfitIsVague 1y agoI'm not sure I like the incentives that creates, though. If this is the precedent, then if you're committing financial fraud already you might as well go as big as possible, since there appears to be a cap on punishment.
- AngryData 1y agoI mean from mine, and im sure many other people's view, that is already mostly true. Her biggest mistake to me seems like messing with a big dog, rather than screwing over little guys that don't have millions to throw at the courts or teams of full time lawyers. If JPMorgan defrauded the same amount of money from a bunch of regular joes I doubt anybody would be in jail or even that any potential fees would come anywhere to matching the amount of money defrauded.
- MaxHoppersGhost 1y agoStrong anti fraud rules (even for massive banks) are a foundational part of a high functioning society.
- komali2 1y agoI'm unconvinced. Banks wield massive political power through their capital, and so get away with highway robbery all the time. 2008 financial crisis comes to mind. It seems to me that the rules are one sided and so it seems this "foundational part" of high functioning society is just guarding the highwaymen with the cityguard, when the swords should be facing the other direction.
- iinnPP 1y agoCould it be that you're not in a high functioning society, rather than the point being invalid?
- timschmidt 1y agoThe banks at the center of the 2008 crisis are largely international. Is your question about the entire western international finance system and all societies comprising it?
- iinnPP 1y agoIt's generalized to any grouping. Having written laws means nothing when they are not equally enforced. Which is the norm in the West. For example: Intentional wage theft.
- komali2 1y agoAnti fraud rules sending people to jail are what we're discussing, and the proposition that they're necessary for a high functioning society. If we have these rules, and society is not high functioning, then, it seems you and I agree, that they're not necessary for a high functioning society.
- nashashmi 1y agoThose rules need power to enforce. That power lies with the elites. And elites don’t suffer as much as the small person does. So high functioning be damned. I want a society that has heart.