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Executives mostly get jailed when there is large media attention + the executive was foolish enough to leave evidence pointing straight at them. For every case
by upboundspiral 1mo ago
Executives mostly get jailed when there is large media attention + the executive was foolish enough to leave evidence pointing straight at them. For every case where an executive is jailed, there are 100 other cases where they aren't. And that is just in the overt "breaking the law cases".
Even more incredible damage has been in us losing the laws that protect us in the first place. For nigh on 40 years thanks to neoliberal economists influencing policy we have been relaxing corporate and monetary regulation.
This has already provided great gifts to the world, such as enabling the fraud that led to the 2008 housing crisis (who was jailed again?).
When as a country you decide that punishing bad corporate behaviour is a non starter, you get the predictable consequences of increasing, not decreasing bad corporate behaviour.
- Aurornis 1mo agoThis is turning into a gish gallop. What specific laws would cause Mark Zuckerberg to go to jail?
- gopher_space 1mo agoThis conversation feels like it really captures Mangione's point of view. It's like I'm listening to an internal dialogue.
- smsm42 1mo agoMangione had a personal grudge, caused by illness, pain and personal interactions with US healthcare system, which can grind down and drive to insanity anybody. The above just reads as a mashup or angry reddit posts which contain generic "evil rich people" platitudes, with zero depth or factual support. It's just low effort ranting.
- smsm42 1mo agoThousands of people were jailed in 2008 aftermath - look up operation Malicious Mortgage and Stolen Dreams. Most of them of course low level - because those were the people actually perpetrating the fraud. But some examples: Kareem Serageldin, Lee Farkas, Edward Woodard, etc. Ken Lewis, BoA CEO, faced multiple investigations and civil penalties, but none of those investigarions could find any criminal liability. He lost his post and BoA paid out billions in settlements.