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Despite the apathy of Americans, I continue to have hope that there will be consequences for all recent and past actions. It's unfortunate that recent events ar
by e2le 6mo ago
Despite the apathy of Americans, I continue to have hope that there will be consequences for all recent and past actions. It's unfortunate that recent events are only the tip of the iceberg, too many to even remember.
- zx8080 6mo agoWhat were the consequences after 2008 financial crisis?
- chollida1 6mo agoWhat were the crimes you believe were committed in 2008 and who do you think committed those crimes?
- uncivilized 6mo agoYou seem to think you’ve found some sort of gotcha. There were plenty of crimes committed in the MBS world. See GS, Credit Suisse, and others. However very few were prosecuted at the individual level.
- chollida1 6mo agoI wasn't looking for a gotcha at all. I was wondering what specific individuals are you referring to and what crimes you think they committed.
- SpicyLemonZest 6mo agoIt's a fair question that I used to ask, but it's a very answerable one. To pick one example (https://www.sec.gov/news/press/2010/2010-59.htm https://www.sec.gov/news/press/2010/2010-59.htm), the SEC believes that one Fabrice Tourre was primarily responsible for the mortgage fraud committed at Goldman Sachs. But either they never referred him to the DOJ for prosecution or the DOJ declined to prosecute him.
- r0fl 6mo agoNothing Stock market at all time highs Miami houses selling north of $150,000,000.00 No one cares about that crisis anymore The markets keep ripping no matter what Just some hiccups along the way
- malshe 6mo agoYeah both Bush and Obama ignored those crimes
- jfengel 6mo agoWe created a Consumer Financial Protection Bureau to try to head off that kind of crisis before it happened again. We got rid of it last year.
- deleted 6mo ago[deleted]